Fix and flip financing in New York funds the purchase and the rehab budget, sized on cost and capped on after-repair value, with draws released against completed work. The terms are the same in every state Silt lends in; the state-specific part is the closing cost stack, title and the legal process that shapes your acquisition pipeline — especially if you buy distressed inventory.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
Transfer taxes, recording fees and property-tax reassessment vary by county and municipality in New York. Confirm them with your title company or closing attorney before you size the deal — we do not quote figures we have not verified.
By Census Bureau population estimates. Silt lends statewide — these markets are not a limit. Metro areas may cross state lines. [2]
Yes. New York is one of the states Silt lends in, and the fix & flip program covers renovation of 1–40 unit residential property.
New York is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in New York run longer than in power-of-sale states.
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $8M; leverage 90% LTC · 70% ARV; rehab funding 100% of budget; structure Interest-only, 12–24 mo; draws Funded in 48h, app-based; residential scope 1–40 units. The final term sheet reflects the property and the file.
Every Silt loan closes in an LLC or corporation, never a personal name. Bring the articles or certificate of formation, operating agreement and EIN letter.
By Census Bureau population estimates, the largest metro areas are New York City, Buffalo, Rochester, Albany. Silt lends statewide, not only in these metros.
Submit photos and invoices from the site through the app. Standard line items are reviewed remotely against the approved budget, and draws are funded in 48 hours.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.