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

Hard 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.

Get a term sheet →Price a Yonkers deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Yonkers deal right now

Prefilled with a realistic Yonkers 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 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. 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.

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, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down 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.

Loan amount$558,000
Cash to close$95,351
Proof of funds to show$148,223
Where the $95,351 goes
  • Down payment (10% of purchase plus rehab)You$62,000
  • Origination (2.13%)Lender$11,858
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$5,290
  • Title and closing (Texas-rate estimate; New York adds mortgage recording tax and attorney fees)Title$5,093
  • Prepaid interest (15 days)Lender$1,880
  • Property insuranceInsurer$5,890
  • AppraisalAppraiser$550

Interest while you rehab: $3,813 a month on the $458,000 funded at closing, $4,645 once every draw is out. Proof of funds is cash to close plus $25,000 of rehab reserve and $27,872 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 Yonkers

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 Yonkers prices sit right now

Before we price a Yonkers 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 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 tax1.5% 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.

What happens after you apply

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.

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 Yonkers

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 Yonkers

We broker deals across the whole Yonkers market. The submarkets investors ask us about most are Getty Square and Nodine Hill (10701), Park Hill and Ludlow (10705), Nepperhan and Northwest Yonkers (10703), Lincoln Park and Dunwoodie (10704), Bryn Mawr (10701) and Crestwood (10707).

How long does a Yonkers 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.

Yonkers hard money FAQ

Do you lend hard money in Yonkers?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Yonkers 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 Yonkers?
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 Yonkers 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 Yonkers flip?
The worked example on this page is a $520,000 Yonkers purchase with a $100,000 rehab and a $850,000 after repair value at 700 credit, first flip: $62,000 down (10% of purchase plus rehab) and $95,351 total cash to close, with $148,223 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 Yonkers?
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 Yonkers fix and flip loan?
The lowest credit floor among the Yonkers 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 Yonkers flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Yonkers 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 use a fix and flip loan on a Westchester two to four family?
Yes. One to four unit residential is exactly what fix and flip bridge programs are built for, in Yonkers and Mount Vernon alike. In New York a first flip can be priced at 10% down with 660+ credit (from 9.99%). The rate and down payment at your experience level are in the programs table on this page. If the plan is to keep the building, tell us up front and we’ll line up the DSCR refinance at the same time.
What if the Yonkers building has an illegal apartment?
Underwrite it at its legal unit count. The appraiser and the lender go by the Certificate of Occupancy, so an extra unit in the basement or attic adds no value and can add risk. Either budget to legalize it through the city, which takes plans and permits, or plan to remove it during the rehab. Tell us early; it changes the ARV and the scope.
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 Yonkers: Syracuse, Rochester and New York City. More New York city guides: Albany, Buffalo and Hauppauge. Or see everything we fund in New York.

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