Hard Money Lenders in Buffalo, NY | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inBuffalo, New York

Fix and flip, DSCR rental and new construction financing for Buffalo 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 a Buffalo deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Buffalo deal right now

Prefilled with a realistic Buffalo deal. Change any number and it reprices on the programs that lend in New York, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Buffalo

Buffalo is a two-family town. Walk the West Side, Black Rock or South Buffalo and most of the houses are "Buffalo doubles": a lower flat and an upper flat stacked on a narrow lot, built between about 1890 and 1930. That shapes every flip here, because your buyer is often an owner who lives downstairs and rents the upstairs. One more thing up front, the financing: 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.

Buffalo deals are decided by how fast the finished house goes, and right now it goes fast. Redfin has homes here selling in about two weeks with multiple offers, so a clean double priced right doesn’t sit. The catch is the spread between neighborhoods. Elmwood and North Buffalo carry prices the East Side can’t touch, and a double on Grant Street is valued on completely different logic than a single on Parkside. We look at which side of Main Street you’re on before we look at anything else, because Buffalo buyers do.

What a Buffalo deal looks like on paper

Buffalo example: $140,000 purchase, $60,000 rehab, $290,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1910s Buffalo double in Black Rock: two stacked flats, new boiler and roof, two kitchens, and the lead work a rental registry inspection will ask about. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$180,000
Cash to close$34,783
Proof of funds to show$59,974
Where the $34,783 goes
  • Down payment (10% of purchase plus rehab)You$20,000
  • Origination (2.13%)Lender$3,825
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (Texas-rate estimate; New York adds mortgage recording tax and attorney fees)Title$3,225
  • Prepaid interest (15 days)Lender$493
  • Property insuranceInsurer$1,900
  • AppraisalAppraiser$550

Interest while you rehab: $999 a month on the $120,000 funded at closing, $1,499 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $8,991 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Buffalo

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+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% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. 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% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. 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% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Buffalo prices sit right now

Before we price a Buffalo 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 Buffalo median sale price at $230K for the three months ending August 2026, up 2.8% on a year earlier, with homes selling in about 15 days. Zillow’s home value index for the city is $248,828 (updated 8/31/2026), and its average rent is $1,425. Inside the city the spread is wide: Zillow has Schiller Park at $130,909 and Emerson at $82,902.

Median sale price, Buffalo (Redfin, 3 months to Aug 2026)$230,000
Days on market, Buffalo (Redfin)15
Zillow home value index, Buffalo (Aug 2026)$248,828
Average rent, Buffalo (Zillow, Aug 2026)$1,425
Zillow home value index, Schiller Park$130,909

Sources: Redfin, Buffalo housing market, Zillow, Buffalo home values, City of Buffalo, Proactive Rental Inspections, Erie County, NYS Lead Rental Registry and Proactive Rental Inspections

How a Buffalo file actually gets priced

Appraisers here value a double on rent as well as sales, so a Buffalo ARV holds best when the comps are other doubles on the same grid of streets, sold in the last few months. A renovated single-family comp doesn’t carry a two-flat. We also check the rental registry status on anything that has been rented, since the city runs proactive lead and safety inspections on registered rentals and an open violation follows the property to the new owner. Expect the appraisal to be skeptical of a finish level the block has never seen.

The Buffalo scope usually hides in three places. The roof and gutters carry a heavy snow load every winter, and ice damming shows up as stained plaster on the upper flat. The mechanicals are old: steam or gravity hot water boilers, knob and tube wiring behind the lath, galvanized supply lines. And almost everything here predates 1978, so lead paint is assumed until tested. If the property will be rented, the city and Erie County both run lead inspections on units in the rental registry, so budget the abatement rather than hoping it gets missed.

Who buys your finished Buffalo deal

The best Buffalo exit for a two-family is a buyer who wants to live in one flat and rent the other. That buyer uses owner-occupied financing and counts the upstairs rent, which widens the pool well beyond pure investors. A renovated single in North Buffalo or University Heights sells to a first-time buyer tied to the medical campus or the universities. If the retail number is thin, the double is also a natural hold: refinance into a DSCR loan (rental loan qualified on the rent, not your tax returns) and keep both units.

What happens after you apply

Apply once and the whole Buffalo 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.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Buffalo

Fix and flip

10%down on a first flip
Rates
from 9.50% at 620+ credit with 2+ completed flips
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in New York →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in New York →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in New York →

Where we lend in Buffalo

We broker deals across the whole Buffalo market. The submarkets investors ask us about most are West Side (14213), Black Rock and Riverside (14207), North Buffalo (14216), South Buffalo (14220), Kaisertown and Lovejoy (14206), Schiller Park and the East Side (14211 / 14215) and University Heights (14214).

How long does a Buffalo loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in New York, and the rate, origination, leverage and cash to close come back side by side. 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.

Buffalo hard money FAQ

Do you lend hard money in Buffalo?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Buffalo 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 Buffalo?
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 a Buffalo 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 a Buffalo flip?
The worked example on this page is a $140,000 Buffalo purchase with a $60,000 rehab and a $290,000 after repair value at 700 credit, first flip: $20,000 down (10% of purchase plus rehab) and $34,783 total cash to close, with $59,974 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 Buffalo?
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 a Buffalo fix and flip loan?
The lowest credit floor among the Buffalo 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 a Buffalo flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Buffalo 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.
Can I get a hard money loan on a Buffalo double?
Yes. A two-family is still residential, and the fix and flip programs we place in New York are built for one to four unit properties. What changes is the appraisal: the ARV is set from other doubles and from the rent, not from renovated singles. The programs table shows which New York programs take a first flip and which want completed flips, so bring your track record with the file if you have one.
Does the Buffalo rental registry matter if I am flipping, not renting?
It can. If the house was a rental, check its registry and violation history before you close, because open code or lead orders stay with the property. And if your exit might become a hold, the unit will need to pass the city and county lead inspections before a tenant moves in. We’d rather you budget that now than find it at the refinance.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 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.

What to read before you sign a term sheet

Hard money near Buffalo: Rochester, Syracuse and Erie. More New York city guides: Albany, Hauppauge, New York City and Yonkers. Or see everything we fund in New York.

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