Hard money lender in the Bronx, NY
GPS Capital is a direct hard money and private lender for Bronx investment property, headquartered in Brooklyn and lending across the borough since 2003. Value-add multifamily in Fordham, a 2-4 family rehab in Morrisania, a mixed-use purchase on a commercial corridor - we underwrite the property and the exit in-house and can close in as fast as one week.
Bronx hard money and rehab loan terms
Rates 9.99% to 12.99%, 1 to 2 points, loans from $500K to $20M, up to 70% of after-repair value, typically 12-month terms. No minimum credit score. Closes as fast as one week - well-documented deals have funded in 3 to 5 business days.
We finance purchases, cash-out refinances, fix-and-flips, rehab and new construction on single family, 2-4 family, multifamily, mixed-use and commercial property across the Bronx - from Riverdale and Kingsbridge to Fordham, Morrisania, Hunts Point, Soundview, Pelham Bay and everywhere in between.
Built for Bronx value-add deals
The Bronx is New York's value-add borough: solid multifamily buildings that need capital improvements, tenant management or a renovation before bank financing makes sense. That is exactly what asset-based lending is for. We underwrite the current value, the after-repair value and your plan - then fund fast so you can do the work and refinance or sell on your schedule.
FAQ
Bronx FAQ
Who is a direct hard money lender in the Bronx?
GPS Capital is a direct private lender headquartered in Brooklyn, lending across the Bronx since 2003. Every loan is underwritten, funded and serviced in-house.
What are hard money loan rates in the Bronx?
GPS Capital's rates run 9.99% to 12.99% with 1 to 2 points, on loans from $500K to $20M, up to 70% of after-repair value, typically 12-month terms.
Can I get a rehab loan on a Bronx multifamily building?
Yes. Multifamily rehab and value-add financing is a core Bronx product - underwritten on after-repair value, with the renovation budget built into the loan structure.
How fast can a hard money loan close in the Bronx?
As fast as one week. Well-documented deals have funded in 3 to 5 business days, and many close without a formal appraisal.
Do you lend on buildings with tenants in place?
Yes. Tenant-occupied investment property is everyday business for us. Send the address, the rent roll if you have it, and your plan.
Do you work with Bronx brokers?
Yes. Brokers are welcome and GPS Capital pays broker fees. Send the property address, loan amount and the borrower's goal for a same-day review.
Have a deal? Get a response within 2 hours.
No obligation. If we can’t fund it, we’ll tell you straight.
Or call us now: 718-247-8863 Deals@gpscapllc.com