Hard money lender in Detroit, MI
GPS Capital is a direct hard money and private lender for Detroit-area investment property. Rehabs, value-add multifamily and portfolio purchases across Wayne, Oakland and Macomb counties - we underwrite the property and the exit in-house.
Detroit hard money and bridge 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.
The Detroit market
A note on fit: our loans start at $500K, which suits multifamily, commercial and portfolio deals in the Detroit metro more than single $40K houses. If your project or package clears that floor, we can move in as fast as one week on a well-documented file.
FAQ
Detroit FAQ
Who is a direct hard money lender in Detroit?
GPS Capital is a direct private lender, financing investment property nationwide since 2003, including the Detroit metro (Detroit-Warren-Dearborn, MI). Every loan is underwritten, funded and serviced in-house - no broker, no outside committee.
What are hard money loan rates in Detroit?
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 on 12-month terms. Every deal is priced on its own merits.
How fast can a hard money loan close in Detroit?
As fast as one week. Well-documented deals have funded in 3 to 5 business days, and many close without a formal appraisal. Tell us your deadline up front and we will tell you honestly if we can hit it.
How do I check whether my Detroit property and loan size fit?
Send the address and the amount you need. Our hard money loans start at $500K, so single low-priced houses usually do not fit - but multifamily, commercial, land and multi-property packages often do.
Do you work with Detroit-area 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