Broker, not a lenderHard Money Lenders inYonkers, New York
Fix and flip, DSCR rental and new construction financing for Yonkers 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 Yonkers deal right now
Prefilled with a realistic Yonkers 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 Yonkers
Yonkers is Westchester’s biggest city and its most active market for two to four family buildings. It sits right on the Bronx line, so the renter and buyer pool is New York City’s, at prices well under the city’s. This page is written for the Westchester two to four family investor, in Yonkers and next door in Mount Vernon. Our one New York fix and flip program requires five or more completed flips, so it fits experienced operators, not a first deal.
A Yonkers multifamily deal lives or dies on two things: the legal unit count and the rent. Plenty of two-families here have an extra basement or attic apartment that was never approved, and a buyer’s lender, an appraiser and the city all go by the Certificate of Occupancy, not by how many doors are on the building. We check the C of O against what is on the ground before we shop the file. After that it’s rent math. Zillow’s Yonkers rent average is well above the national figure, which is why the hold option is real here.
What a Yonkers deal looks like on paper
Yonkers example: $520,000 purchase, $100,000 rehab, $850,000 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%. Picture a tired two-family on Nodine Hill: two new kitchens and baths, a boiler, electrical service for both units, and legal-use paperwork that matches what is actually built. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (5%)You$26,000
- Origination (2%)Lender$11,880
- Doc prepLender$749
- Broker fee (1%)Broker$5,940
- Title and closingTitle$5,270
- Prepaid interest (15 days)Lender$2,439
- Property insuranceInsurer$5,890
- AppraisalAppraiser$550
Interest while you rehab: $4,113 a month on the $494,000 funded at closing, $4,945 once every draw is out. Proof of funds is cash to close plus $25,000 of rehab reserve and $29,670 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 Yonkers
| 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 Yonkers comps say
Redfin puts the Yonkers median sale price at $645K for the three months ending August 2026, up 12.1% on a year earlier, with homes selling in about 34 days. Zillow’s home value index for the city is $706,055 (updated 8/31/2026), and its average rent is $2,755, against a national average of $1,948. Zillow puts Bryn Mawr at $769,010 and Nepperham Heights at $546,680.
| Median sale price, Yonkers (Redfin, 3 months to Aug 2026) | $645,000 |
| Days on market, Yonkers (Redfin) | 34 |
| Zillow home value index, Yonkers (Aug 2026) | $706,055 |
| Average rent, Yonkers (Zillow, Aug 2026) | $2,755 |
| City of Yonkers real estate transfer tax | 1.5% of sale price |
Sources: Redfin, Yonkers housing market · Zillow, Yonkers home values · City of Yonkers, Real Estate Transfer Tax
How a Yonkers file actually gets priced
The Yonkers ARV is built from renovated two to four family sales, ideally in the same neighborhood, with the appraiser also running an income approach on the rents. A single-family comp doesn’t support a three-family. Prices vary a lot between the neighborhoods: a building near Getty Square doesn’t trade like one in Park Hill or Lincoln Park, and Bryn Mawr and Crestwood carry a premium. Expect lenders to ask for leases or a rent schedule, and an illegal unit adds no value to the appraisal.
New York closings run through attorneys, and New York is a judicial foreclosure state, so lenders take their time on the docs and the title. Budget the transfer taxes too: Yonkers charges its own 1.5% transfer tax on top of the state’s, and the seller usually pays it, but it shapes how motivated a seller is. On the building itself, expect old steam boilers, undersized electrical service split across units, and permits for any unit reconfiguration through the Yonkers Department of Housing and Buildings. Yonkers opted into the state’s rent stabilization law for older buildings of six or more units; a two to four family sits outside it.
Who buys your finished Yonkers deal
A renovated Yonkers two-family sells to an owner-occupant who lives in one unit and uses the other’s rent to qualify, often a buyer priced out of the Bronx or lower Westchester. Three and four families sell mostly to investors pricing off the rent roll. Many operators skip the sale: once the units are leased, a DSCR loan (a rental loan qualified on the building’s rent rather than your income) takes out the bridge, and you keep a stabilized Westchester building.
Your whole loan, in one portal
Apply once and the whole Yonkers 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 Yonkers
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Yonkers.
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 Yonkers
We broker deals across the whole Yonkers 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.
Yonkers hard money FAQ
Do you lend hard money in Yonkers?
Which fix and flip programs apply in Yonkers?
How fast can a Yonkers hard money loan close?
How much do I need to bring to close on a Yonkers flip?
Do you fund the rehab budget in Yonkers?
What credit score do I need for a Yonkers fix and flip loan?
Can I refinance a Yonkers flip into a rental loan?
Can I use a fix and flip loan on a Westchester two to four family?
What if the Yonkers building has an illegal apartment?
Before you sign anything
Ready to fund your Yonkers deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.