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Fix & Flip Loans Long Island
Long Island is one of the strongest fix-and-flip markets in the New York metro area. A median home price of approximately $680,000, combined with relentless demand from NYC buyers seeking suburban space, drives renovated 3–4 bedroom homes in Nassau County to routinely sell for $700,000–$1.2M. The average gross flip profit on Long Island runs approximately $92,000 — the highest of any submarket in the New York metro — and renovated properties sell in under 18 days on average.
Sab Tera Lending funds Fix & Flip loans up to 90% of the purchase price plus 100% of verified rehab costs, capped at 75% of ARV. We are a direct lender — we use our own capital, not a broker network — which means same-day commitments and 7-day closings across every town in Nassau and Suffolk County.
| Parameter | Details |
|---|---|
| Interest Rate | From 9.5%, interest-only |
| Max LTV / LTC | Up to 90% purchase + 100% rehab / 75% ARV cap |
| Loan Term | 6–24 months |
| Minimum Loan | $150,000 |
| Closing Time | 7–14 days |
| Income Verification | Not required |
| Prepayment Penalty | None |
| Credit Score Minimum | None — asset-based underwriting |
DSCR Rental Loans Long Island
Long Island's rental market is one of the strongest in the northeastern United States. NYC overflow demand — renters from Queens, Brooklyn, and the Bronx who need more space — creates structural housing demand that keeps Long Island rental occupancy consistently above 95%. Average monthly rents range from $2,500 for a 2-bedroom in western Suffolk to $5,000+ for a 4-bedroom in Nassau County's prime school districts.
Our Long Island DSCR loans are the perfect financing structure for:
- Self-employed investors and business owners with non-traditional income
- BRRRR investors (Buy, Rehab, Rent, Refinance, Repeat) who want to pull equity from a stabilized Long Island rental
- Investors who own 10+ properties and have exceeded conventional financing limits
- Out-of-state and foreign national investors purchasing Long Island rental properties remotely
- Investors who used a Sab Tera fix-and-flip loan and are now refinancing into a 30-year DSCR hold
| Parameter | Details |
|---|---|
| Interest Rate | From 6.5% — 30-year fixed |
| Max LTV | 80% |
| Loan Term | 30-year fixed, 5/1 ARM, 7/1 ARM |
| Minimum DSCR | 1.0x (below 1.0x on case-by-case) |
| Minimum Loan | $150,000 |
| Property Types | SFR, 2–4 unit, condo |
| Income Verification | Not required — qualifies on rent |
| Closing Time | 14–21 days |
| Prepayment Penalty | None |
| Credit Score Minimum | None — asset-based underwriting |
Bridge Loans Long Island
Bridge loans are one of the most versatile tools in a Long Island real estate investor's toolkit. Common bridge loan scenarios on Long Island include buying a property before your current home sells, stabilizing a vacant multifamily before permanent financing, and pulling equity from an existing investment property to fund the next acquisition.
| Parameter | Details |
|---|---|
| Interest Rate | From 9.5%, interest-only |
| Max LTV | 75% |
| Loan Term | 6–24 months |
| Closing Time | 7–14 days |
| Income Verification | Not required |
| Prepayment Penalty | None |
| Coverage Area | All of Nassau County, Suffolk County |
Multifamily Bridge Loans Long Island (5+ Units)
Long Island has a significant inventory of 5–20 unit apartment buildings — particularly in Hempstead, Freeport, Elmont, Bay Shore, Brentwood, and Patchogue — that are ideal for value-add investors. Many are partially vacant, in deferred maintenance, or owned by estate sellers who haven't updated them in decades. Conventional banks won't touch these properties. We will.
Sab Tera Lending funds multifamily bridge loans for:
- Vacant or partially-occupied apartment buildings — no minimum occupancy required
- Value-add acquisitions requiring significant rehab, re-leasing, and repositioning
- Distressed multifamily purchases in Nassau County and all Suffolk towns
- Bridge financing from acquisition to stabilization and agency refinance
| Parameter | Details |
|---|---|
| Interest Rate | From 9.5%, interest-only |
| Minimum Units | 5 units |
| Max LTV | 75% |
| Occupancy Requirement | None — vacant eligible |
| Loan Term | 12–24 months |
| Closing Time | 14–21 days |
| Income Verification | Not required |
Commercial Hard Money Loans Long Island
Long Island's commercial real estate market spans a wide range — from retail strip centers along Sunrise Highway and Hempstead Turnpike, to mixed-use buildings in Freeport and Huntington village, to industrial properties near the Long Island Expressway corridor, to hospitality assets in the Hamptons. When conventional banks are too slow or have too rigid requirements, Sab Tera Lending moves.
Commercial property types we fund on Long Island:
| Parameter | Details |
|---|---|
| Interest Rate | From 9.5%, interest-only |
| Max LTV | 75% |
| Loan Amount | $500,000 – $10M+ |
| Loan Term | 12–36 months |
| Closing Time | 14–21 days |
| Income Verification | Not required |
Ground-Up Construction Loans Long Island
New construction activity on Long Island — particularly spec home construction in Huntington, Smithtown, and Brookhaven, and infill construction in Nassau County — creates demand for ground-up construction financing. Sab Tera funds experienced builders and developers with milestone-based draw structures.
| Parameter | Details |
|---|---|
| Interest Rate | From 10.0%, interest-only on drawn balance |
| Max LTC | Up to 90% of total construction cost |
| Loan Term | 12–24 months |
| Draw Structure | Milestone-based draws |
| Experience Required | Minimum 1 completed project |
| Income Verification | Not required |
| Closing Time | 14–21 days |
Hard Money Loan Rates on Long Island (2026)
Current rate guide for all Sab Tera Lending programs on Long Island. All rates are interest-only during the bridge period with no prepayment penalties and no upfront application fees.
| Loan Type | Rate Range | LTV | Term | Close Time |
|---|---|---|---|---|
| Fix & Flip | 9.5% – 12% | Up to 90% purchase / 75% ARV | 6–24 mo | 7–14 days |
| DSCR Rental (30-yr) | 6.5% – 8.5% | Up to 80% | 30 yr fixed | 14–21 days |
| Bridge Loan | 9.5% – 11.5% | Up to 75% | 6–24 mo | 7–14 days |
| Multifamily Bridge (5+) | 9.5% – 12% | Up to 75% | 12–24 mo | 14–21 days |
| Commercial Hard Money | 9.5% – 12.5% | Up to 75% | 12–36 mo | 14–21 days |
| Ground-Up Construction | 10.0% – 13% | Up to 90% LTC | 12–24 mo | 14–21 days |
How to Apply & Close in 7 Days on Long Island
Because we are a local Long Island lender, we already understand the market. The process is simple, fast, and 100% remote — no office visit required.
Why a Locally Headquartered Lender Matters on Long Island
Most hard money lenders active on Long Island are headquartered hundreds or thousands of miles away — Greenville, South Carolina; Pittsburgh, Pennsylvania; Austin, Texas. They underwrite from spreadsheets and automated valuation models, never having walked a single block of Hempstead, Huntington, or Montauk. Sab Tera Lending is different: our headquarters sits at 15 Artisan Ave. in Huntington, NY, inside the 516 area code, inside the market we lend in.
That local footprint translates into practical advantages. Our team can physically inspect a property the same day an offer is accepted. We maintain working relationships with Nassau and Suffolk County title companies, which means title searches and closings move faster than they would with an out-of-state firm coordinating remotely through national title underwriters. We understand the difference between a flip in Massapequa Park and a flip in Massapequa proper, between an ARV in Cold Spring Harbor and an ARV three miles inland in the same town. National lenders price risk conservatively because they don't have this granularity. We don't have to.
Local knowledge also shows up in how we evaluate deals that don't fit a standard underwriting box — a partially vacant six-unit in Freeport, a teardown rebuild in Bridgehampton, a 100-year-old farmhouse on the North Fork that needs full rewiring before it can be appraised conventionally. National platforms built around automated valuation tools often decline these deals outright. We look at them individually because we know the comparable sales, the buyer pool, and the renovation costs specific to these submarkets.
The Long Island Real Estate Investment Landscape
Long Island sits at a unique intersection of suburban affordability (relative to Manhattan and Brooklyn) and unmatched access to New York City via the Long Island Rail Road. This dynamic has driven sustained price appreciation across Nassau and Suffolk County for over a decade, with limited new construction supply due to mature zoning and land scarcity. For real estate investors, that combination of constrained supply and resilient demand is the foundation of Long Island's appeal as a fix-and-flip and buy-and-hold market.
Nassau County, closer to the city, commands premium pricing supported by top-ranked public school districts — among the strongest draws for families relocating from the five boroughs. Suffolk County offers a wider range of price points, from entry-level flip inventory in western towns like Brentwood and Central Islip to the ultra-luxury Hamptons and emerging North Fork wine country in the east. This breadth means investors at every capital level can find a Long Island submarket that matches their strategy, and Sab Tera funds across that entire spectrum — from $100,000 starter flips to $10M+ Hamptons estates.
Rental fundamentals are equally strong. Long Island's proximity to NYC, combined with a persistent shortage of new multifamily and rental housing stock, keeps occupancy rates consistently above 95% across most submarkets. This is precisely the kind of stabilized rental demand that makes DSCR financing attractive — investors can underwrite a 30-year hold with confidence in sustained tenant demand, not speculative rent growth assumptions.
Property Types We Fund on Long Island
Sab Tera Lending finances a wide range of property types across Long Island, reflecting the diversity of the housing stock here. Single-family homes remain the most common Fix & Flip and DSCR asset, but Long Island's older housing inventory — particularly the Cape Cod and split-level homes built across Nassau County in the 1950s through 1970s — also creates strong opportunities in 2-4 unit conversions, accessory dwelling unit additions, and full gut renovations.
- Single-family residences: The core of our Fix & Flip and DSCR portfolios across every Long Island town
- 2-4 unit properties: Common in Hempstead, Freeport, and western Suffolk; ideal for DSCR holds with multiple rent rolls
- 5+ unit multifamily: Apartment buildings in Hempstead, Freeport, Patchogue, and Brentwood, including vacant and value-add deals
- Mixed-use buildings: Retail-over-residential structures common in Huntington village, Patchogue, and Babylon
- Condos and townhomes: Eligible for DSCR financing where HOA and warrantability requirements are met
- Vacant land and teardowns: Funded through our Ground-Up Construction program for experienced Long Island builders
- Waterfront and luxury properties: Hamptons and North Shore estates funded through our Bridge and Commercial programs
Common Exit Strategies for Long Island Investors
Understanding how Long Island investors typically exit a hard money loan helps frame which Sab Tera program fits a given deal. The three most common paths we see are:
1. Fix, List, and Sell
The classic flip exit — purchase with a Fix & Flip loan, renovate, and list for sale. Given Long Island's 18-day average days-on-market for renovated properties, most Sab Tera Fix & Flip borrowers exit within their 6-12 month loan term comfortably, often well ahead of maturity.
2. BRRRR — Refinance Into a DSCR Hold
Buy, Rehab, Rent, Refinance, Repeat. Investors purchase distressed Long Island property with a Sab Tera Fix & Flip or bridge loan, complete renovations, place a tenant, and then refinance into a 30-year DSCR loan — often pulling out a meaningful portion of their original capital while retaining a cash-flowing asset. This strategy is especially powerful in Long Island's tight rental market.
3. Stabilize and Sell to an Institutional Buyer
For multifamily and commercial properties, some investors use a Sab Tera bridge loan to stabilize a vacant or under-leased property, then sell the stabilized asset to an institutional buyer at a compressed cap rate — capturing the value-add spread without holding long-term.
The Sab Tera Lending Difference on Long Island
Whether you're closing your first deal or your fiftieth, the fundamentals that make Sab Tera Lending the preferred choice for Long Island real estate investors stay consistent: we are a direct lender using our own capital, not a broker matching you with a third party; we have no minimum credit score requirement, which means a past bankruptcy, short sale, or thin credit file will not disqualify a strong deal; we never require income verification, so self-employed investors, foreign nationals, and those with complex tax situations are evaluated purely on the merits of the property; and we are headquartered in Huntington, NY, which means the person reviewing your deal actually understands Long Island's submarkets. Combined with same-day commitments and 7-day closings, this is the package Long Island investors have been asking for from a hard money lender.