State Guide · New York

Selling a commercial loan in New York

New York is a judicial foreclosure state. Foreclosure is judicial and slow — commonly one to three years, among the longest in the country. Redemption is available until the foreclosure sale. Because a lender absorbs carrying cost and risk for that entire period, a cash note sale today often beats carrying the credit through foreclosure.

Process

Foreclosure in New York

New York requires a court foreclosure action, with mandatory steps and often a crowded docket; commercial timelines frequently run well over a year. The long timeline makes the carrying cost of holding a New York credit especially high — and a cash sale today especially valuable.

Compare the foreclosure path to a cash sale with the loan-sale-vs-foreclosure calculator, using the timeline above.

Selling the note instead

A note sale transfers the loan to a buyer for cash, removing the timeline, the legal cost, and the risk of ending up as the owner of the property. Standing Bid Capital is a direct principal buyer of CRE loans, discounted payoffs, and REO — $250K–$25M, all-cash, no re-trade, confidential. Request a confidential review.

Common questions
How long does commercial foreclosure take in New York?

Foreclosure is judicial and slow — commonly one to three years, among the longest in the country. Timelines vary with the property, court or trustee schedule, and any borrower defenses; confirm with local counsel.

Can I sell a New York commercial loan that is in foreclosure?

Yes — a note can be sold at any stage; the buyer steps into the lender's position and continues or resolves the process. Send the current legal status with the loan tape.

Who buys commercial loans secured by New York property?

Standing Bid Capital buys nationwide, directly and all-cash, $250K–$25M. Request a confidential review.

Request a confidential review →