Hard money lender in Queens, NY
GPS Capital is a direct hard money and private lender for Queens investment property, headquartered next door in Brooklyn and lending across the borough since 2003. Two-to-four family homes in Astoria, multifamily in Jamaica, mixed-use in Flushing, new development in Long Island City - we underwrite every deal in-house and can close in as fast as one week.
Queens 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, condo and commercial property across Queens - Astoria, Long Island City, Sunnyside, Woodside, Jackson Heights, Elmhurst, Flushing, Bayside, Forest Hills, Rego Park, Jamaica, Ridgewood, the Rockaways and everywhere in between.
Why Queens investors use hard money
Queens is a borough of 2-4 family homes and small multifamily buildings - exactly the properties banks are slowest on. When a deal needs to close before another investor grabs it, or the building needs work before a bank will look at it, asset-based financing bridges the gap: we lend on the property's value and your plan, not on tax returns or credit scores.
FAQ
Queens FAQ
Who is a direct hard money lender in Queens?
GPS Capital is a direct private lender headquartered in Brooklyn, lending across Queens since 2003. Every loan is underwritten, funded and serviced in-house.
What are hard money loan rates in Queens?
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 2-4 family home in Queens?
Yes. Two-to-four family investment homes are a core product - purchases, rehabs and cash-out refinances, underwritten on the property and the deal, with no minimum credit score.
How fast can a hard money loan close in Queens?
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 fund rehab on a Queens multifamily building?
Yes. Rehab and value-add financing is underwritten on after-repair value, up to 70% of ARV, with the renovation budget built into the structure.
Do you work with Queens 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