New Construction Loans in New York

Ground-up construction is one of the highest-margin plays in New York right now, especially in fast-growing New York City, Buffalo, Rochester submarkets. G Elite Capital's New York new construction loan funds up to 90% of land + 100% of vertical costs for spec builders and small developers — with a draw schedule tuned to actual New York permit timelines.

Why investors choose G Elite Capital for New Construction Loans in New York

• 90% of land acquisition + 100% of vertical construction
• Interest reserve rolled into the loan
• 1–4 unit spec builds and small townhome projects
• Draws funded in 24–48 hours after inspection
• Roll into a 30-year DSCR at CO if you decide to rent
• Experienced builder discounts on rate and fees

New York New Construction Loans — Program Terms

Loan Amount

$200K – $5M

LTC

Up to 90%

LTV (as-completed)

Up to 75%

Term

12 – 24 months

Rates From

10.49%

Experience

1+ prior build preferred

Cities we lend in across New York

New York City, Buffalo, Rochester, Syracuse, Albany, Yonkers, and every other New York market.

Frequently asked questions

Do I need to be a licensed builder in New York?

No, but you must use a licensed general contractor for the vertical build. New York permit and inspection compliance is handled by the GC on record.

How are construction draws handled in New York?

We fund on a milestone draw schedule — typically 4–6 draws from foundation through CO. Each draw is released within 24–48 hours of a passing New York inspection.

Can I use this loan for a spec home in a New York suburb?

Yes — spec builds in New York suburban and exurban submarkets are our sweet spot. We look at absorption rates and comparable new-construction sales to size the loan.

What happens at Certificate of Occupancy?

You can list the home for sale, or roll into our 30-year DSCR loan at CO to hold as a long-term rental. Many New York builders now rent one out of every three spec homes.

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