Why flippers finance New York projects with Mortava
In a market like New York, speed and leverage decide your margin. Mortava funds up to 95% of cost plus the full rehab, reimburses draws within 24 hours, and sends indicative term sheets in about two hours — so you can compete on New York City, Buffalo, Rochester, Albany deals and recycle capital into the next project faster.
New York is really two markets: downstate equity plays at high price points, and upstate yield in Buffalo and Rochester where rent-to-price ratios rival the Midwest. Rent-based underwriting works on both ends.
BRRRR in New York
The same leverage that funds a New York flip funds the "buy and rehab" half of BRRRR. Renovate in New York City or Buffalo, rent it, then refinance into a 30-year DSCR loan instead of selling — our BRRRR method guide covers the handoff.