Pillar Capital Partners for New York investors
Pillar Capital Partners runs both private money and DSCR rental products with a Midwest focus.
New York context
New York City DSCR rarely pencils. Upstate metros (Buffalo, Rochester, Syracuse) produce strong cash flow. NYC strict rent stabilization.
How Pillar Capital Partners positions in New York
Within New York, Pillar Capital Partners competes alongside other DSCR lenders. Pillar Capital Partners strengths: Midwest focus, experienced underwriting. The low aggregate DSCR economics of New York create demand for Pillar Capital Partners programs in New York City and Buffalo particularly.
City-level coverage in New York
Pillar Capital Partners 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. Pillar Capital Partners program terms apply uniformly across New York metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, rental, bridge, private notes |
| Loan size | $75K - $2.5M |
| Rates | 10%-12.5% |
| Points | 1.5 - 3 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical |
| New York property tax | 1.7% |
| New York state income tax | 10.9% |
Pillar Capital Partners strengths in New York
- Midwest focus
- experienced underwriting
- broad product suite
Ideal borrower: Mid-to-experienced investor in Chicago or Milwaukee
FAQ
Likely; verify direct New York coverage. Pillar Capital Partners is based in Chicago, IL and operates in Chicago and Milwaukee metros.
New York City is the top investor market in New York and is generally within Pillar Capital Partners Chicago and Milwaukee metros footprint. New York City property tax follows the New York state rate of 1.7 percent. Pillar Capital Partners 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 Pillar Capital Partners. Submarket variation within Buffalo matters for property selection.
Pillar Capital Partners 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 Pillar Capital Partners program.
Pillar Capital Partners indicative DSCR rate range is 10 to 12.5 percent with 1.5 to 3 points.
New York City DSCR rarely pencils. Upstate metros (Buffalo, Rochester, Syracuse) produce strong cash flow. NYC strict rent stabilization. Pillar Capital Partners follows standard business-purpose loan structures.
Pillar Capital Partners funds fix-and-flip, rental, bridge, private notes in New York.
New York has some restrictions on prepayment penalty structures; Pillar Capital Partners typically uses 3-5 year step down.
Pillar Capital Partners typical close: 7-14 days typical.
Bottom line
New York investors considering Pillar Capital Partners should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Pillar Capital Partners.