Long Island, NY · Fix & Flip Loans
Fix & Flip Loans in Long Island
Fund the purchase and rehab in one loan. 90% LTC, 75% ARV, close in 10–21 days.
Why Long Island investors choose 818
Long Island investor demand is concentrated in North Shore SFR flips, Nassau County 2–4 unit rentals, and growing STR pockets on the South Shore and East End. LI is where we have the deepest referral network — contractors, realtors, and attorneys who bring us 818 clients weekly.
Our edge here: We're based on Long Island. Our inspectors, attorneys, and title teams are local. Close in 21 days on Nassau/Suffolk deals is our norm, not our ceiling.
Fix & Flip Loans: Long Island terms
Term
6–18 month terms, interest-only
Leverage
Up to 90% LTC, 75% ARV
Credit minimum
660
Close time
10–21 days
Qualification
ARV and scope-of-work; liquidity ≥ 10% of loan
Ideal for
Active flippers running 1–10 projects a year, new flippers with one successful deal under their belt, investors rehabbing to refi into a DSCR (we pre-approve the exit), and BRRRR investors stacking flips into rentals.
Program details that apply in every market: Fix & Flip Loans — national program page
Purchase, rehab and exit
A Long Island fix-and-flip closing and draw checklist
A rehab budget and a rehab cash plan answer different questions. The budget describes the work; the cash plan shows who pays for it before each draw is released. Put both beside the acquisition and resale assumptions before committing to the project.
| Stage | What to confirm |
|---|---|
| Before the quote | Provide the contract, property photos, itemized scope, contractor bids and comparable sales supporting the proposed resale value. |
| Before closing | Separate the purchase advance, rehab holdback, closing costs, interest reserve and sponsor cash. Confirm title, insurance and the project approval status with the professionals handling the file. |
| Before the first draw | Confirm which costs must be paid before reimbursement, inspection requirements, draw fees, minimum draw amounts and who supplies invoices and payment evidence. |
| During construction | Track completed work against the budget. Keep change orders, contingency use and the remaining cost to complete visible before requesting the next draw. |
| Before the exit | Recheck net sale proceeds after selling and financing costs. If the backup is a rental refinance, support the rent and projected payment independently of the resale appraisal. |
Do the draw timing math before closing
Suppose the first phase costs $30,000 and the agreed structure reimburses eligible completed work after inspection. The project needs a source for that $30,000 before reimbursement, plus any inspection or draw charges and other costs due during the wait. A $100,000 rehab holdback does not, by itself, mean $100,000 is available on closing day.
This is an illustrative cash-timing example, not a description of every loan. Ask for the advance and reimbursement terms in writing, then test an inspection delay and a budget overrun against the cash available to finish the job.
Common questions — Long Island fix & flip loans
Does 818 Capital offer fix & flip loans in Long Island?
Yes. 818 Capital Partners is a direct private lender originating Fix & Flip Loans for investor properties throughout Long Island and the greater Nassau & Suffolk Counties market. Fund the purchase and rehab in one loan. 90% LTC, 75% ARV, close in 10–21 days.
What are typical fix & flip loan terms in Long Island?
6–18 month terms, interest-only. Up to 90% LTC, 75% ARV. Minimum credit score 660. Typical close time: 10–21 days. Qualification: ARV and scope-of-work; liquidity ≥ 10% of loan.
What Long Island neighborhoods do you lend in?
We actively finance fix & flip loans across Glen Cove, Hempstead, Huntington, Babylon, Riverhead, Montauk, and other submarkets of Nassau & Suffolk Counties.
How fast can 818 Capital close a fix & flip loan in Long Island?
Our typical close time for a Fix & Flip Loans is 10–21 days. On urgent deals we've closed faster — ask for a same-day term sheet.
Other loan programs in Long Island
DSCR Rental Loans
30-year fixed. No personal DTI. Closes on property cash flow.
Short-Term Rental (STR) Loans
Underwritten on AirDNA revenue, not LTR shadow rents.
Apartment & Multifamily Loans
5+ unit apartment buildings. Bridge, value-add, and long-term.
Bridge Loans
Fast, flexible capital for time-sensitive acquisitions.
Ground-Up Construction Loans
Fund the build. Refinance into a DSCR on stabilization.
Fix & Flip Loans in other markets
Ready to close your Long Island deal?
Submit a scenario. We\'ll come back with a real term sheet — not a teaser rate — within 24 hours.