Hard Money Lenders in Albany, NY | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inAlbany, New York

Fix and flip, DSCR rental and new construction financing for Albany investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price an Albany deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026
How we work

What you get working with us

400+
Lenders we shop your deal across
7-30
Days to fund, by program
100%
Of rehab funded, released in draws
9.50%
Rates from, in New York, with 2+ completed flips
Run the numbers

Price an Albany deal right now

Prefilled with a realistic Albany deal. Change any number and it reprices instantly on the lanes licensed in New York, using the same engine behind our term sheets.

Enter your numbers to see the program, loan size and cash to close.
Get a real term sheet →Same math as our term sheet. No credit pull, nothing saved.
The market

Financing a deal in Albany

Albany is the state capital and a city of 19th century brick rowhouses downtown and early 1900s frame two-families in Pine Hills and the neighborhoods around the colleges and the medical center. It’s fast: Redfin rates the market most competitive, with homes going in under two weeks. State government, Albany Med and the universities keep demand steady. In New York a first flip can be priced at 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.

Albany deals turn on who the house is for. Center Square and Hudson/Park rows sell to professionals who want to walk to the Capitol. Pine Hills two-families have long been student and young-professional rentals, and with the College of Saint Rose closed, some of that demand shifted, so underwrite rents from real leases, not old ones. The flip that works buys a two-family below value and sells it finished to an owner who lives in one flat.

A real term sheet

What an Albany deal looks like on paper

Albany example: $165,000 purchase, $65,000 rehab, $320,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Say a 1920s frame two-family in Pine Hills: kitchens and baths in both flats, a new boiler, electrical, porches, and lead-safe work ahead of the rental inspection. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$207,000
Cash to close$39,203
Proof of funds to show$67,093
Where the $39,203 goes
  • Down payment (10% of purchase plus rehab)You$23,000
  • Origination (2.13%)Lender$4,399
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,070
  • Title and closing (Texas-rate estimate; New York adds mortgage recording tax and attorney fees)Title$3,359
  • Prepaid interest (15 days)Lender$850
  • Property insuranceInsurer$2,185
  • AppraisalAppraiser$550

Interest while you rehab: $1,182 a month on the $142,000 funded at closing, $1,723 once every draw is out. Proof of funds is cash to close plus $17,550 of rehab reserve and $10,340 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Programs

What we can fund in Albany

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate 9.99% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

What we check first

Where Albany prices sit right now

Before we price an Albany flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Albany median sale price at $308K for the three months ending September 2026, up 6.2% on a year earlier, with homes selling in about 11 days.

Median sale price, Albany (Redfin, 3 months to Sep 2026)$308,000
Change on a year earlier (Redfin)Up 6.2%
Days on market, Albany (Redfin)11

Sources: Redfin, Albany housing market · City of Albany, Landlord Resources Information · Albany County, NYS Rental Registry and Proactive Lead Inspections

Underwriting

How an Albany file actually gets priced

We set the Albany ARV from renovated houses of the same type on nearby streets, sold in the last few months: rows against rows, two-families against two-families. Suburban Bethlehem, Colonie and Guilderland sales aren’t comps for a city house. Appraisers run the rent on a two-family too. New York closings go through attorneys and the state forecloses through the courts, so lenders here look closely at title, permits and any open code cases.

Albany requires a Residential Occupancy Permit on rentals: each unit is registered and inspected, and the permit has to be renewed on a cycle. Many neighborhoods are also in the state’s lead rental registry, which requires lead inspections on older multi-unit rentals in listed ZIP codes. Expect pre-1978 lead paint, old boilers, porch and roof repairs, and in the historic districts, review of exterior changes.

The exit

Who buys your finished Albany deal

The Albany buyer is a state worker, a hospital or university employee, or a young professional, often buying a two-family to live in one flat and rent the other. Many use FHA or SONYMA loans. If the retail number is thin, Albany rents are steady, and a licensed two-family can be refinanced into a DSCR loan (a rental loan qualified on the rent, not your income).

After you apply

Your whole loan, in one portal

Apply once and the whole Albany loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.
What happens after you apply →Tour the borrower portal
Loan products

What we fund in Albany

Fix & Flip

Purchase plus 100% of rehab, released in draws. The core product in Albany.

0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV · 10% down from 9.99% at 660+ credit on a first flip

DSCR Rental

Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.

30-year · no income docs

New Construction

Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.

Land + build financing
Coverage

Where we lend in Albany

We broker deals across the whole Albany market. These are the submarkets investors ask us about most:

Pine Hills (12203)Center Square and Hudson/Park (12210)Helderberg and Buckingham Lake (12208)Delaware Avenue and the South End (12209 / 12202)West Hill and Arbor Hill (12206 / 12210)Melrose and Whitehall (12203 / 12208)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.

02

We shop it

Your scenario goes to the lenders in our network that actually fit it and are licensed in New York, not all 400 at once.

03

Real terms back

Rate, origination, leverage and cash to close side by side, so you can compare on total cost.

04

Close

Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on the attorneys, title and the lender through funding.

Questions

Albany hard money FAQ

Do you lend hard money in Albany?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Albany scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in New York, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Albany?
As of October 2026: First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can an Albany hard money loan close?
In New York, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes in 21-30 days. New York closings run through attorneys on both sides and the title work takes longer than in a title-company state, so we plan for that from day one. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on an Albany flip?
The worked example on this page is a $165,000 Albany purchase with a $65,000 rehab and a $320,000 after repair value at 730 credit, first flip: $23,000 down (10% of purchase plus rehab) and $39,203 total cash to close, with $67,093 of proof of funds to show the lender. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Albany?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for an Albany fix and flip loan?
The lowest credit floor among the Albany programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance an Albany flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Albany flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Does Albany’s rental inspection affect a flip?
It does if the house ends up rented, and it matters when you buy an occupied two-family. Albany requires each rental unit to be registered and to pass an inspection for a Residential Occupancy Permit, and older multi-unit rentals in many Albany ZIP codes also need state lead inspections. Ask for the permit and inspection history before closing, and budget the lead work.
Can I get a first flip loan in Albany?
Yes. In New York a first flip can be priced at 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV. New York closings run through attorneys, so line up your lawyer as soon as the offer is accepted; that’s often what sets the closing date.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
Micah brokers Non-QM and hard money loans for real estate investors across 37 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.
Send Micah your Albany deal →
Keep reading

Before you sign anything

Draws
How construction draws and the rehab holdback actually work
Read article →
Loan Cost
Dutch vs standard interest: what it really costs you
Read article →
Cash Needed
Cash to close on a flip: the number most investors miss
Read article →
Term Sheet
How to get an instant hard money term sheet
Read article →
Hard money in Syracuse →Hard money in New York City →All New York coverage →

Ready to fund your Albany deal?

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