Ground-up construction loans for builders and investors developing new properties in New York. Finance up to 85% of your land purchase and 85% of construction costs on a single loan. Rates from 10%, non-Dutch interest, and land doesn't need to be permitted to qualify. Loans $100K to $7.5M.
SLA Capital — a Sir Lends A Lot LLC Company
A new construction loan is short-term financing for building a property from the ground up. It typically covers land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses through inspection milestones. Once construction is complete, the loan is paid off through a sale of the finished property or refinanced into long-term financing.
New York State runs two rental strategies: NYC-metro commuter belts (Long Island, Westchester) for premium LTR to Manhattan workers, and Upstate NY (Rochester, Buffalo, Syracuse) for high cash-flow yield. Both work at scale.
Long Island, Westchester, and the outer boroughs feed NYC's employer base — one of the deepest premium-rental markets in the country. Demand stays constant across every cycle.
Rochester, Buffalo, and Syracuse offer some of the highest cash-on-cash yields in the Northeast. Real income for portfolio investors focused on cash flow vs. appreciation.
Rochester (U of Rochester + Rochester Institute of Technology), Syracuse (SU), and Albany (SUNY + state government) provide stable rental demand outside NYC-metro.
Whether you're closing a single-asset SFR in a smaller New York market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Bronx, Queens, Brooklyn, Staten Island — SFR + small-multi
Nassau + Suffolk counties — commuter belt
White Plains, Yonkers, New Rochelle — NYC-metro
Monroe County — Upstate SFR cash-flow
Erie County — Western NY high-yield SFR
Onondaga County — Central NY + SU market
Capital region — Albany, Schenectady, Troy
Statewide coverage — send us any New York property
Same nationwide program, no state-specific surcharges.
Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.
Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable.
Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.
Choose the term that fits your build schedule. Straightforward extensions available on active projects.
Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.
From single infill lots to multi-unit projects across New York. Same clean underwriting from starter builds up to $7.5M.
Yes. SLA Capital funds New Construction loans throughout New York — NYC Outer Boroughs, Long Island, Westchester County, Rochester, Buffalo, and every other NY metro. Rates from 10%, up to 85% land + 85% construction.
SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in New York. Loans range from $100,000 to $7,500,000.
No. SLA Capital does not require the land to be permitted or warranted before loan approval. Get under contract and start underwriting in parallel with permitting.
Non-Dutch interest — borrowers pay interest only on funds that have been drawn, not on the undrawn balance. This keeps carrying costs down during early build phases when most of the loan hasn't been disbursed yet.
New York State runs two rental strategies: NYC-metro commuter belts (Long Island, Westchester) for premium LTR to Manhattan workers, and Upstate NY (Rochester, Buffalo, Syracuse) for high cash-flow yield. Both work at scale.
Send us the property. Our sizer returns a real term sheet in minutes.
Long-term rental financing for New York investors. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Short-term purchase + rehab financing across every New York metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.