Hard money lender in Newark, NJ
GPS Capital is a direct hard money and private lender for Newark investment property, lending across Essex County from our Brooklyn headquarters. Multifamily buildings, mixed-use corridors, commercial assets, rehabs that need capital before a bank will look - we underwrite the property and the exit in-house and can close in as fast as one week.
Newark 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.
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 Newark and Essex County - Downtown, Ironbound, North Ward, South Ward, East Orange, Irvington, Montclair and the surrounding towns.
Why Newark investors use hard money
Newark's multifamily and mixed-use stock is exactly where banks move slowest: older buildings, value-add renovations, tenant-occupied properties, and deals that need to close before the next investor's offer lands. Asset-based underwriting fits that market - we lend on the building and the plan, not on tax returns or credit scores, and the same team that quotes your deal funds it.
FAQ
Newark FAQ
Who is a direct hard money lender in Newark?
GPS Capital is a direct private lender headquartered in Brooklyn, lending in Newark and across New Jersey since 2003. Every loan is underwritten, funded and serviced in-house.
What are hard money loan rates in Newark?
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 hard money loan on a Newark multifamily building?
Yes. Multifamily is a core Newark product - purchases, rehabs and cash-out refinances, including tenant-occupied and value-add buildings.
How fast can a hard money loan close in Newark?
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 Newark and Essex County 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