New York Ground-Up Construction provide business-purpose real estate investors with Up to 85% LTC / 70%–75% Completed ARV across loan amounts from $100,000 – $15,000,000+ at 9.75% – 11.75% Interest-Only on Drawn Funds (12 – 24 Months Interest-Only, 660+ FICO min FICO, 14 – 21 Business Days close). In New York (NY), lenders underwrite to a Judicial (RPAPL Article 13) statutory framework (240–360 days-day average timeline), a 1.64% average property tax rate (~$745/mo at the $545,000 state median), and $580/$100K hazard insurance (~$263/mo).
Ground-up construction loans finance infill spec homes, luxury rebuilds, ADU/casita additions, 2–4 unit townhomes, and 5–25+ unit build-to-rent communities up to 85% Loan-to-Cost (LTC), crediting verified land equity toward the builder’s down payment requirement.
Median 1–4 unit price of $545,000 (75% LTV = $408,750) with Form 1007 rent of $3,950/mo and multifamily rent of $2,280/door.
New York operates under a Judicial (RPAPL Article 13) regime (240–360 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your New York LLC or Delaware LLC registered in NY with zero personal tax returns, W-2s, or 4506-C transcripts.