Rental Loans NY

NY Rental Loans

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ABL Makes New York Rental Loans Simple.

Even experienced real estate investors often wonder how to get a loan for rental property, since the process is more complex than other real estate loans. Asset Based Lending makes the process quick and simple: we provide doc-lite rental loans designed for 1-4 family properties throughout New York. These loans are meant for buy and hold investors looking to start or expand their rental portfolio, with single rental loans up to $3M and rental portfolio loans up to $6.25M.

We provide the most competitive rental loans on the market, with interest rates starting at 4.25% and leverage up to 80% LTV. Our rental loans come in a variety of options to best suit the borrower, including 30-year amortization, ARM, and interest-only options. ABL is willing to work with investors of all experience levels, providing the same five-star service to each of our borrowers. Contact us today to apply for the most reliable rental loans NY can offer.

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NY Rental Loan Highlights

  • No personal income verification
  • Light doc program
  • Portfolio loans available
  • 30 year, ARM, I/O options
  • Rates as low as 4.25%
  • Up to 80% LTV
  • 650 minimum credit score
  • Close term rental loan in 30 days

Our Team Is Here To Find You The Perfect NY Rental Loan.

The Best Rental Loans NY Has To Offer

Lending Options Lending Options
With our arsenal of rental property loans, investors know we can get them into the program that fits their needs. Max Cash Out? Lowest Rate? Highest LTV? We have you covered.
No Broker Fee No Broker Fee
ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’re a direct lender that underwrites, processes, and funds in house.
Peace Of Mind Peace Of Mind
Our team of specialists will structure and pre-approve your rental property refinance while we’re closing your fix and flip loan, so you can rest easy knowing your exit strategy is ready.
Competitive Rates & LTVs Competitive Rates & LTVs
With rates between 4.25%–8% and LTVs as high as 80%, our cash out refinance programs for rental properties are as aggressive as you’ll find in market.
Flexible Underwriting Flexible Underwriting
These programs were built by investors, for investors. We underwrite to the profitability of the project, and reduce documentation needs as much as possible.
The ABL Difference The ABL Difference
Expert advice, access to decision-makers, speed, and reliability; the service you’ve come to expect from the ABL team.

NY Rental Market Remains Strong

Despite the uncertainty surrounding the city, the rental market remains strong in New York City and continues to rise in nearby suburban counties. People still want to live close to major travel hubs and cultural centers, and renting gives them the flexibility that they value. Housing in these prime locations are why rental rates are so high, with the median rent in New York City reaching $3,000 per month, providing a reliable and steady source of income for investors that own rental property. According to Norada Real Estate, the presence of single family rental homes has grown over 30% nationally, with much of that growth occurring in the New York suburbs. With so many investors second guessing the urban New York area, now may be the best time to secure your New York rental loan and expand your rental portfolio around the NYC suburbs. If you already own rental property in NY and are looking to pull cash our and/or refinance, we can help make that happen.

Whether you’re looking for a loan to buy rental property in New York or need our assistance to refinance rental property, Asset Based Lending is here to help. We provide rental loans in the following New York counties: Nassau, Suffolk, Rockland, Orange, Westchester, and each New York City borough.

Why Investors Are Using The BRRRR Method In New York

The BRRRR strategy has become a huge money-making method for real estate investors looking for long term financial gains, especially in the New York area. BRRRR is an acronym for that stands for buy, rehab, rent, refinance, repeat. It’s a simple strategy that involves a lot of time from the investor and a trusted lender to make it work, but they reap financial benefits for years to come. By buying and rehabbing a property, they increase the amount of rent they can charge. The rental then allows them a steady source of monthly income which can fund more real estate investments and expand their business. Choosing to refinance rental property and repeat the process lets them grow their business even faster, taking those newly available funds and putting them directly into their next real estate investment, thus repeating the process and highlighting the strength of the BRRRR method.

New York is a prime choice for this investment strategy, given the number of people trying to live in the area and the growing demand for rentals in the suburban counties. Asset Based Lending has provided rental loans in New York for over a decade, making us the premier choice for investors looking to start or grow their rental portfolio utilizing the BRRRR strategy. If you’re ready to expand your real estate business or refinance rental property, contact us today.

Choosing Asset Based Lending For Your Rental Loans In NY

Getting a loan for rental property doesn’t have to be difficult or confusing, and Asset Based Lending works tirelessly to make that a reality. We understand that rental loan rates aren’t the only aspect investors are looking for, even though we offer competitive rates between 4.25% and 8%. Some investors want the maximum LTV, while others prefer no doc loans for a streamlined loan process, both of which we can provide. No matter what your loan goals are, ABL can work with you and our affiliates to make sure your rental loans fit your needs.

Our team of experts will provide you the best advice and fastest possible funding, letting you focus on picking the right property instead of worrying about funding delays or mismanaged loans. We specialize in helping experience real estate investors grow their rental portfolios quickly and efficiently. Contact us today to be approved for the most reliable rental loans New York can offer.

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