Hard money lender on Long Island, NY
GPS Capital is a direct hard money and private lender for Long Island investment property, lending across Nassau and Suffolk County from our Brooklyn headquarters. Single family flips in Nassau, rehab projects in Suffolk, cash-out refinances on rentals you already own - we underwrite every deal in-house and can close in as fast as one week.
Long Island hard money 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 and small multifamily investment property across Long Island - Hempstead, Freeport, Hicksville, Huntington, Babylon, Brookhaven, Islip, Smithtown and everywhere in between.
How Long Island investors use hard money
Most Long Island hard money deals are single family: buy a dated house, renovate it, sell it or keep it as a rental. Banks are slow on these because the property's condition scares them and the borrower's tax returns do not fit their box. We underwrite the house and the plan, so a contractor-special property or a fast-moving estate sale is financeable - in days, not months.
FAQ
Long Island FAQ
Who is a direct hard money lender on Long Island?
GPS Capital is a direct private lender headquartered in Brooklyn, lending across Nassau and Suffolk County since 2003. Every loan is underwritten, funded and serviced in-house.
What are hard money loan rates on Long Island?
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 fix-and-flip loan in Nassau or Suffolk County?
Yes. Fix-and-flip financing is the most common Long Island hard money deal - underwritten on up to 70% of after-repair value, with the renovation budget built in.
Can I pull cash out of a Long Island rental property?
Yes. Cash-out refinances on investment property are a core product - up to 70% of value, closing in as fast as one week, with no tax returns in most cases.
How fast can a hard money loan close on Long Island?
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 work with Long Island 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