Hard money lender in Staten Island, NY
GPS Capital is a direct hard money and private lender for Staten Island investment property. Single family flips, 2-4 family purchases, new construction on vacant lots - we underwrite every deal in-house from our Brooklyn headquarters and can close in as fast as one week.
Staten 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 ground-up construction on single family and small multifamily investment property across Staten Island - St. George, Tompkinsville, Stapleton, New Dorp, Great Kills, Tottenville and everywhere in between.
Staten Island's fix-and-flip market
Staten Island is a borough of single family homes - the classic fix-and-flip market. The model is simple: buy below market, renovate, sell or refinance. What kills deals is slow financing. We underwrite on after-repair value, fund in as fast as one week, and build the renovation budget into the loan structure so your capital goes further.
FAQ
Staten Island FAQ
Who is a direct hard money lender in Staten Island?
GPS Capital is a direct private lender headquartered in Brooklyn, lending on Staten Island investment property since 2003. Every loan is underwritten, funded and serviced in-house.
What are hard money loan rates in Staten 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 on Staten Island?
Yes. Fix-and-flip financing is a core Staten Island product - underwritten on up to 70% of after-repair value, with the renovation plan built into the loan.
Do you fund new construction on Staten Island?
Yes. Ground-up construction on investment property is underwritten on the project and the deal, not your credit history.
How fast can a hard money loan close on Staten 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 Staten 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