Yonkers, NY
Hard Money Loans in Yonkers
Business-purpose financing review for qualifying non-owner-occupied investment properties in Yonkers, Westchester County, NY. AssetLift reviews fix-and-flip, bridge, DSCR rental, and residential construction scenarios; eligibility, terms, and timing depend on the property, file, program, and underwriting.
Local market evidence for Yonkers
Median owner-occupied home value
$501,600
U.S. Census Bureau ACS 2020-2024; a household measure, not an investor comp or ARV.
Source: U.S. Census QuickFactsMedian gross rent
$1,784
U.S. Census Bureau ACS 2020-2024; not a rent comp for a particular unit.
Source: U.S. Census QuickFactsThese are citywide figures for different periods. They are market context, not comps, parcel values, or unit-level rent support.
Real Estate Investing in Yonkers
Yonkers is Westchester County's largest city and a strong rental market just north of the Bronx, with two- to four-family houses, mixed-use buildings, and older apartment buildings near Metro-North and the parkways. AssetLift reviews qualifying business-purpose fix-and-flip, bridge, DSCR rental, and residential construction financing for non-owner-occupied Yonkers properties. Rent stabilization, the City's certificate-of-occupancy rules, and the state lead rental registry are the local items to check first.
Investment Highlight
The Census Bureau estimates Yonkers' population at 212,603 on July 1, 2025. Its 2020-2024 ACS reports a 46.2% owner-occupied housing rate, a $501,600 median owner-occupied value, and $1,784 median gross rent. Yonkers holds about 42% of Westchester's registered rent-stabilized units, so apartment-building income often comes with regulated rents.
Popular Investment Neighborhoods in Yonkers
Yonkers Hard Money Loan Fit
AssetLift is best fit for business-purpose investment property loans where the borrower can document the property, the numbers, and the exit. These pages are not built for owner-occupied or consumer mortgage requests.
$100K+ loan requests
660+ credit preferred
Non-owner-occupied property
Fix and flip, bridge, DSCR, or construction exit
Yonkers deal checks: rent stabilization, COs, and registries
Yonkers participates in the Emergency Tenant Protection Act, which generally covers buildings with six or more units built before 1974; smaller and newer buildings are exempt. The Department of Housing and Buildings issues permits through its online portal, and the City may refuse a permit if the owner owes property taxes. Under City Code Chapter 56, no building may be occupied until a certificate of occupancy is issued after final inspection, and a change of use needs a new one. Multiple dwellings must file a registration statement, and vacant buildings owe registry fees that must be paid before any permit or CO is issued. Contractors renovating one- to three-family homes need a City home improvement license.
What to verify on this deal
- •For buildings with six or more units built before 1974, confirm rent-stabilization status and registered rents before underwriting income
- •Pull the certificate of occupancy and confirm the legal unit count; plan a new CO after any change of use
- •If the property is vacant, check the Vacant Building Registry balance, since unpaid fees block permits and COs
- •Make sure your contractor holds a Yonkers home improvement license for one- to three-family work
- •For pre-1980 rentals with two or more units in ZIP codes 10701 and 10705, confirm the NYS lead rental registry certification
- •Use comps from the same neighborhood and building type; citywide medians aren't underwriting inputs
How Lenders Usually View Yonkers Deals
Yonkers files turn on building type and regulation status. A free-market two- or three-family underwrites very differently from an older apartment building that may carry rent-stabilized units. Lenders want the rent roll, leases, legal unit count, taxes, and insurance up front, plus comps from the same part of the city, since Getty Square, Park Hill, Crestwood, and Northwest Yonkers price differently.
What Strong Yonkers Files Usually Include
Confirm rent-stabilization status for any building of six or more units built before 1974
Send the rent roll, leases, legal unit count, taxes, and insurance with the first request
Use comps from the same neighborhood and property type
Loan Programs Available in Yonkers
Fix & Flip Loans
Published terms may allow up to 95% LTC on purchase and up to 100% of approved rehab, subject to a total 70-75% ARV cap, property and borrower review, and underwriting.
Learn moreDSCR Rental Loans
Qualifying purchases may reach up to 85% LTV and cash-out refinances up to 80% LTV. Supported rent, full payment, property, reserves, and program rules determine actual terms.
Learn moreBridge Financing
For eligible transitional investment-property scenarios. Leverage, title, valuation, borrower, file complexity, and payoff plan are reviewed for the specific request.
Learn moreGround-Up Construction
Qualifying residential investment projects are reviewed with plans, permits, budget, contractor, equity, valuation, and exit; draw structure and leverage depend on underwriting.
Learn moreYonkers Hard Money Lending FAQ
More New York markets we cover
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Ready to Invest in Yonkers?
For an initial Yonkers review, send the address, purchase basis, legal unit count and certificate of occupancy, rent-stabilization status, current leases, photos, line-item scope, nearby sales or supported rent, taxes and insurance, and your exit. Or call 929-639-2284. A review is not approval or a commitment to lend.
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