Hard money lender in New York City
GPS Capital is a direct hard money and private money lender for New York City investment property, headquartered in Brooklyn and lending across all five boroughs since 2003. Manhattan condo purchases, Queens multifamily rehabs, Bronx value-add deals, Staten Island flips - we underwrite, fund and service every loan in-house, with closings in as fast as one week.
NYC hard money and private 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 investment purchases, cash-out refinances, fix-and-flips, rehab, new construction and foreclosure bailouts on single family, 2-4 family, multifamily, mixed-use, condo, commercial and land across Manhattan, Brooklyn, Queens, the Bronx and Staten Island.
Built for New York City deals
New York deals come with New York problems: co-op boards and condo buildings banks avoid, estate and auction sales with hard deadlines, properties with violations or tenants in place, and sellers who need proof of funds this week. Asset-based underwriting solves all four. We lend on the property and the exit plan - not on tax returns, credit scores or committee calendars.
Borough pages
For neighborhood-level detail, see our dedicated pages for Brooklyn, Queens, Manhattan, the Bronx and Staten Island. Long Island coverage is at /locations/long-island/.
FAQ
NYC FAQ
Who is a direct hard money lender in NYC?
GPS Capital is a direct private lender headquartered in Brooklyn, financing investment property in all five boroughs since 2003. Loans run $500K to $20M, underwritten and funded in-house.
What do hard money loans cost in New York City?
GPS Capital's NYC hard money loans run 9.99% to 12.99% with 1 to 2 points, up to 70% of after-repair value, typically on 12-month terms.
How fast can a hard money loan close in NYC?
As fast as one week. Well-documented deals have funded in 3 to 5 business days - important for auction purchases and estate sales with hard deadlines.
Can I get a hard money loan on an NYC condo or co-op?
We finance investment condos across the city, including buildings banks avoid. Co-op properties have unique restrictions - send the address and we will tell you directly whether it works.
Do you lend on properties with tenants or violations?
We underwrite the property and the deal, so tenant-occupied and value-add properties are everyday business for us. Send the address, the rent roll if you have it, and your plan.
Does GPS Capital work with NYC mortgage 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