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

Hard 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.

Get a term sheet →Price a Syracuse deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Syracuse deal right now

Prefilled with a realistic Syracuse 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 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. 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.

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, $64,000 rehab, $230,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down 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.

Loan amount$152,100
Cash to close$30,527
Proof of funds to show$55,404
Where the $30,527 goes
  • Down payment (10% of purchase plus rehab)You$16,900
  • Origination (2.13%)Lender$3,232
  • 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$3,087
  • Prepaid interest (15 days)Lender$362
  • Property insuranceInsurer$1,606
  • AppraisalAppraiser$550

Interest while you rehab: $733 a month on the $88,100 funded at closing, $1,266 once every draw is out. Proof of funds is cash to close plus $17,280 of rehab reserve and $7,597 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 Syracuse

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 Syracuse prices sit right now

Before we price a Syracuse 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 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.

What happens after you apply

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.

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 Syracuse

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 Syracuse

We broker deals across the whole Syracuse market. The submarkets investors ask us about most are Eastwood (13206), Strathmore and Onondaga Park (13207), Westcott and University Hill (13210), Tipperary Hill and the Far West Side (13204), Sedgwick and Lincoln Hill (13203), The Valley (13205) and Salt Springs (13224).

How long does a Syracuse 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.

Syracuse hard money FAQ

Do you lend hard money in Syracuse?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Syracuse 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 Syracuse?
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 Syracuse 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 Syracuse flip?
The worked example on this page is a $105,000 Syracuse purchase with a $64,000 rehab and a $230,000 after repair value at 700 credit, first flip: $16,900 down (10% of purchase plus rehab) and $30,527 total cash to close, with $55,404 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 Syracuse?
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 Syracuse fix and flip loan?
The lowest credit floor among the Syracuse 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 Syracuse flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Syracuse 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.
Should I count on Micron when I underwrite a Syracuse flip?
No. Price the house on sales that have already closed near it. The chip plant may well lift demand over the coming years, but an appraiser won’t give you credit for it today, and neither will a lender. If the deal only works with a Micron premium baked into the ARV, it’s a hold, not a flip.
How long does a hard money closing take in Syracuse?
Plan on attorneys. New York closings run through lawyers for the buyer, seller and lender, not just a title company, and the contract is usually signed after attorney review. That takes coordination, so start the file the day you’ve an accepted offer. The loan itself moves once we have the contract, the scope and the title work.
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 Syracuse: Rochester and Buffalo. More New York city guides: Albany, Hauppauge, New York City and Yonkers. Or see everything we fund in New York.

Ready to fund your Syracuse deal?

Submit your scenario in about 5 minutes. We shop it and come back with real terms, not a generic rate sheet.

Start application →Get a pre-approval letter