Hard Money
Raw Land Hard Money in New York, NY
What is a Raw Land Hard Money? Raw Land Hard Money is a specialized mortgage solution offered by CMRE for real estate financing. This program provides tailored terms, flexible underwriting, and expedited closing timelines to meet the unique needs of property buyers and investors in New York, NY.
Custom Mortgage arranges Raw Land Hard Money financing in New York, NY and across New York County, including Manhattan and Brooklyn. New York County's 2026 FHFA conforming loan limit is $1,209,750 for a one-unit home and $2,326,875 for four units, $377,000 above the $832,750 national baseline. Census ACS 2024 data puts the median owner-occupied home value in New York County at $1,090,500, $119,250 below that one-unit limit.
Median household income there is $103,931 and 25% of homes are owner-occupied (Census ACS 2024).
Key Facts About Raw Land Hard Money
CMRE hard money loans fund in as fast as 7 business days.
Hard money loans from CMRE require 20-35% down payment.
CMRE hard money programs accept properties that conventional lenders decline.
CMRE hard money loans cover fix-and-flip, bridge, and ground-up construction.
CMRE Raw Land Hard Money funds in as few as 7 business days.
CMRE Raw Land Hard Money is asset-based — property value drives qualification.
CMRE Raw Land Hard Money LTV ranges from 65% to 90% ARV.
Program Benefits
Fast closing times, often within days, allowing you to capitalize on time-sensitive deals.
Flexible loan terms tailored to your project's specific needs and timeline.
Ideal for borrowers who may not qualify for traditional financing due to credit or project complexity.
Use the loan to purchase raw land for future development, investment, or personal use.
Competitive rates enable profitable project outcomes.
Lower documentation requirements compared to conventional loans, simplifying the application process.
Program Highlights
Max LTV
70%
Min Credit Score
600
Max DTI
N/A (Focus on project viability)
Loan Amount Range
$50K - $5M
Amortization Options
Eligible Properties
- Residential Land
- Commercial Land
- Agricultural Land
- Industrial Land
Program Requirements
Income Documentation
- •Demonstrated ability to repay the loan, typically through income verification or asset documentation.
- •Sufficient cash flow to cover loan payments and other project-related expenses.
- •Clear explanation of income sources and stability.
Asset Verification
- •Verification of assets to demonstrate financial stability and repayment capacity.
- •Acceptable assets may include cash reserves, investment accounts, or other liquid holdings.
- •Equity in other properties may be considered as part of the asset assessment.
- •Detailed documentation of all listed assets, including statements and appraisals where necessary.
Insurance & Title
- •While not always required upfront, borrowers should have a plan for property insurance once development begins.
- •Liability insurance may be required during the development phase.
- •CMRE can advise on suitable insurance coverage options.
Property Requirements
- •Minimum FICO score of 600 required for consideration.
- •Recent credit history reviewed for adverse events such as bankruptcies or foreclosures.
- •Emphasis placed on overall financial profile rather than solely on credit score.
- •Explanation of any past credit issues can strengthen your application.
Raw Land Hard Money in New York: The Complete Guide
What Is Raw Land Hard Money?
Raw Land Hard Money loans are short-term financing solutions specifically designed for purchasing undeveloped land. Unlike traditional mortgages, these loans are asset-based, meaning the lender focuses more on the potential value of the land and the borrower's exit strategy than on their credit score. This makes them an attractive option for investors and developers who need quick access to capital to secure a promising land opportunity. Because of the higher risk involved for the lender, rates are generally higher than traditional financing, but the speed and flexibility they offer can make them a valuable tool for the right project.
Who Uses Raw Land Hard Money?
- •Fix-and-flip investors needing fast acquisition and rehab capital.
- •Bridge borrowers financing between a sale and a purchase.
- •Auction buyers needing proof of funds and rapid closing.
- •Property owners facing foreclosure who need emergency refinancing.
- •Investors purchasing non-conforming properties traditional lenders won't finance.
Raw Land Hard Money Terms and Structure
- •LTV: 65%-80% as-is value or 70%-90% ARV for fix-and-flip.
- •Terms: 6 months to 3 years — designed as short-term bridge.
- •Interest rates depend on LTV, condition, borrower experience.
- •Interest-only payments standard. Exit strategy required.
- •CMRE funds in as few as 7 business days.
Get Raw Land Hard Money from CMRE
- •Step 1: Submit property details — address, price, value estimate, scope of work.
- •Step 2: CMRE issues term sheet within 24-48 hours.
- •Step 3: Appraisal or BPO — fast-track available.
- •Step 4: Underwriting on property value and exit strategy.
- •Step 5: Funding in as few as 7 business days.
National Rate Index (Freddie Mac PMMS)
30-Year Fixed Rate
7.18%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
15-Year Fixed Rate
6.57%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Market-data snapshots: FHFA 2026 (live); HUD FYunavailable (bundled); Census ACS 2024 (bundled).
New York County at a glance
- Conforming loan limit (1 unit)
- $1,209,750
- Source: FHFA, 2026
- Conforming loan limit (4 units)
- $2,326,875
- Source: FHFA, 2026
- Above the national baseline by
- $377,000
- Source: FHFA, 2026
- Median owner-occupied home value
- $1,090,500
- Source: Census ACS 5-year, 2024
- Median household income
- $103,931
- Source: Census ACS 5-year, 2024
- Owner-occupied homes
- 25%
- Source: Census ACS 5-year, 2024
- Home value to income ratio
- 10.5
- Source: Census ACS 5-year (computed), 2024
2026 Conforming Loan Limits: NEW YORK
NEW YORK, NY is a designated high-cost area with limits above the national baseline of $832,750.
1-Unit (SFR)
$1,209,750
2-Unit (Duplex)
$1,548,975
3-Unit (Triplex)
$1,872,225
4-Unit (Fourplex)
$2,326,875
Source: FHFA 2026 Conforming Loan Limits. Loans above these limits require jumbo financing.
Raw Land Hard Money in New York, NY
New York City mortgage lending. Jumbo, condo, co-op financing for all five boroughs.Custom Mortgage & Real Estate specializes in providing high-fidelity Raw Land Hard Money solutions tailored to the unique economic landscape of New York and the surrounding New York County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireNew York metropolitan area.
Service Areas & Neighborhoods
Our New York Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Get Your Numbers
Quick quote or detailed payment estimate — no credit pull
Quote Wizard
AI-Powered Rate Intelligence
Step 1: Loan Foundation
Mortgage Estimator
Freddie Mac 30-yr average, week of Apr 19, 2026. Not a quote.
Principal & Interest Only
Common Questions About Raw Land Hard Money in New York
The latest available national 30-year fixed observation was 7.18% (Freddie Mac PMMS, week of 11/5/2026). Raw Land Hard Money rates in New York vary by loan amount, LTV, and credit profile — CMRE can issue a pre-approval within 24 hours of a complete application.
Timelines depend on the program, appraisal, and title: conventional purchases typically close in 14–21 days, and hard money loans can fund in as few as 7 business days. Pre-approvals are issued within 24 hours of a complete application.
CMRE funds hard money and bridge loans in New York in as fast as 7 business days. Experienced investors in New York County with strong equity positions may qualify for expedited underwriting.
Raw Land Hard Money from CMRE in New York typically requires 65-80% LTV depending on property type and borrower experience. Fix-and-flip investors in New York County may access higher leverage with track record documentation.
See all Raw Land Hard Money questions and program details
Raw Land Hard Money by Location
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View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →Reviewed by Eve Sanchez, Chief Compliance Officer · Updated 2026-11-04 · Custom Mortgage Inc., NMLS #1556995
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
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