Dominion Financial Services for New York investors
Dominion Financial Services is an established lender with comfort on distressed properties and flexibility on borrower credit profiles.
New York context
New York City DSCR rarely pencils. Upstate metros (Buffalo, Rochester, Syracuse) produce strong cash flow. NYC strict rent stabilization.
How Dominion Financial Services positions in New York
Within New York, Dominion Financial Services competes alongside other DSCR lenders. Dominion Financial Services strengths: experienced underwriting, distressed property comfort. The low aggregate DSCR economics of New York create demand for Dominion Financial Services programs in New York City and Buffalo particularly.
City-level coverage in New York
Dominion Financial Services provides DSCR coverage across New York metros including New York City, Buffalo, and Rochester. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Dominion Financial Services program terms apply uniformly across New York metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, bridge, rental |
| Loan size | $50K - $5.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 75% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 7-14 days typical |
| New York property tax | 1.7% |
| New York state income tax | 10.9% |
Dominion Financial Services strengths in New York
- experienced underwriting
- distressed property comfort
- flexible on credit
Ideal borrower: Investor on distressed deals or with credit hair
FAQ
Yes, operates nationally including New York. Dominion Financial Services is based in Baltimore, MD and operates nationally.
New York City is the top investor market in New York and falls within Dominion Financial Services national coverage. New York City property tax follows the New York state rate of 1.7 percent. Dominion Financial Services typically underwrites New York City acquisitions at standard rate sheets.
Yes. Buffalo ranks among the larger New York investor metros and sees consistent DSCR loan volume from Dominion Financial Services. Submarket variation within Buffalo matters for property selection.
Dominion Financial Services applies the same rate sheet across New York metros. Pricing variation comes from property-specific factors rather than metro location within the same state. New York City, Buffalo, and Rochester all qualify for the same Dominion Financial Services program.
Dominion Financial Services indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
New York City DSCR rarely pencils. Upstate metros (Buffalo, Rochester, Syracuse) produce strong cash flow. NYC strict rent stabilization. Dominion Financial Services follows standard business-purpose loan structures.
Dominion Financial Services funds fix-and-flip, bridge, rental in New York.
New York has some restrictions on prepayment penalty structures; Dominion Financial Services typically uses 3-5 year step down.
Dominion Financial Services typical close: 7-14 days typical.
Bottom line
Dominion Financial Services in New York works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Dominion Financial Services.