Broker, not a lenderHard Money Lenders inSyracuse, New York
Fix and flip, DSCR rental and new construction financing for Syracuse 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.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
What you get working with us
Price a Syracuse deal right now
Prefilled with a realistic Syracuse deal. Change any number and it reprices instantly on the lanes licensed in New York, using the same engine behind our term sheets.
Financing a deal in Syracuse
Syracuse has the fastest price growth of any upstate city we cover right now. Redfin has the median up double digits on a year ago, and a lot of that’s Micron: the chipmaker’s planned campus in Clay, just north of the city, has buyers and builders betting on jobs arriving. The housing stock is mostly 1900s to 1950s capes, colonials and two-families. Our only New York fix and flip program asks for five or more completed flips, so read this page as written for experienced investors.
Syracuse is a market with momentum, and momentum is where flippers get hurt. Prices have jumped, but the city is still split sharply: Strathmore and the Westcott area around the university trade at a level Near Northeast and the Valley have not reached. The deals that work buy a dated house in Eastwood or on Tipperary Hill at a real discount and sell to a local buyer. The deals that don’t work pay today’s price for a future Micron premium. We underwrite what closed, not what people expect.
What a Syracuse deal looks like on paper
Syracuse example: $105,000 purchase, $55,000 rehab, $230,000 after repair value, 730 credit, 10 or more flips completed. The engine puts that borrower on the 5% Down, 5+ Flips program at 9.99%. Say a 1930s cape in Eastwood: roof, furnace, kitchen, bath, and a basement that needs drainage work. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (5%)You$5,250
- Origination (2%)Lender$3,095
- Doc prepLender$749
- Broker fee (1%)Broker$2,000
- Title and closingTitle$3,100
- Prepaid interest (15 days)Lender$635
- Property insuranceInsurer$1,520
- AppraisalAppraiser$550
Interest while you rehab: $830 a month on the $99,750 funded at closing, $1,288 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $7,730 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.
What we can fund in Syracuse
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| 5% Down, 5+ Flips1 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
- Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
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 September 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.
What the Syracuse comps say
Redfin puts the Syracuse median sale price at $211K for the three months ending August 2026, up 14.1% on a year earlier, with homes selling in about 26 days. Zillow’s home value index for the city is $224,508 (updated 8/31/2026), with average rent at $1,541. Zillow’s neighborhood figures show the split: Strathmore at $227,462, Skunk City at $115,791.
| Median sale price, Syracuse (Redfin, 3 months to Aug 2026) | $211,000 |
| Days on market, Syracuse (Redfin) | 26 |
| Zillow home value index, Syracuse (Aug 2026) | $224,508 |
| Average rent, Syracuse (Zillow, Aug 2026) | $1,541 |
| Zillow home value index, Strathmore | $227,462 |
Sources: Redfin, Syracuse housing market · Zillow, Syracuse home values · City of Syracuse, Look Before You Rent (rental registry) · NYS Department of Health, Lead Rental Registry
How a Syracuse file actually gets priced
When prices move this fast, a Syracuse appraisal trails the market, so we set the ARV on renovated sales from the same neighborhood in the last few months and we don’t lean on year-ago comps in either direction. Streets change quickly here, especially near the I-81 corridor and the university, so a comp six blocks away can be the wrong comp. For two-families we want the rent roll or a realistic rent opinion, since the appraiser will run an income check alongside the sales comps.
Syracuse gets some of the most snow of any big city in the country, which shows up in roofs, gutters, chimneys and basements. Many older houses have stone foundations that let water in; a drainage fix belongs in the budget, not the contingency. The I-81 viaduct removal and the new Community Grid are reshaping the blocks east of downtown, with construction and traffic changes for years. Rentals also have to register with the city and, for older units, meet the state’s new lead rental registry rules.
Who buys your finished Syracuse deal
The Syracuse buyer for a finished single is usually local: a young family, a university or hospital employee, someone who has been outbid twice this year. They pay for a dry basement, updated mechanicals and a real kitchen more than for designer finishes. Two-families near the university sell to investors or house hackers who underwrite on rent. If the retail spread closes, holding is realistic, since Zillow puts average rent above fifteen hundred a month, and a DSCR loan qualifies on that rent.
Your whole loan, in one portal
Apply once and the whole Syracuse 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.
What we fund in Syracuse
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Syracuse.
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.
New Construction
Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.
Where we lend in Syracuse
We broker deals across the whole Syracuse market. These are the submarkets investors ask us about most:
From deal to funded
Send the deal
Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.
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.
Real terms back
Rate, origination, leverage and cash to close side by side, so you can compare on total cost.
Close
2 to 3 weeks typical with attorney closings. We stay on the attorneys, title and the lender through funding.
Syracuse hard money FAQ
Do you lend hard money in Syracuse?
Which fix and flip programs apply in Syracuse?
How fast can a Syracuse hard money loan close?
How much do I need to bring to close on a Syracuse flip?
Do you fund the rehab budget in Syracuse?
What credit score do I need for a Syracuse fix and flip loan?
Can I refinance a Syracuse flip into a rental loan?
Should I count on Micron when I underwrite a Syracuse flip?
How long does a hard money closing take in Syracuse?
Before you sign anything
Ready to fund your Syracuse deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.