Multifamily hard money loans
GPS Capital finances multifamily investment property - from 2-4 family homes to large apartment buildings - with hard money and bridge loans from $500K to $20M. Purchases, cash-out refinances, renovations and value-add projects, underwritten in-house and closed in as fast as one week.
Multifamily 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.
Built for value-add multifamily
The classic multifamily deal we fund: a solid building with below-market rents, deferred maintenance or vacant units, where the plan is renovate, lease up and refinance or sell. Banks underwrite the building as it sits today; we underwrite what it will be when the work is done. GPS Capital closed a $1,950,000 refinance on a 22-unit property in Spring Valley, NY in a week.
What we need to see
The address, unit count and rent roll if you have it, the purchase price or current value, the renovation plan if there is one, and your exit - sale, refinance or hold. Real numbers back within 2 hours.
FAQ
Multifamily FAQ
Can I get a hard money loan on a multifamily building?
Yes. GPS Capital finances multifamily investment property from 2-4 family homes to large apartment buildings, with loans from $500K to $20M. We closed a $1.95M refinance on a 22-unit property in a week.
What are multifamily hard money loan rates?
GPS Capital's rates run 9.99% to 12.99% with 1 to 2 points, up to 70% of value or after-repair value, typically on 12-month terms.
Do you lend on tenant-occupied multifamily buildings?
Yes. Tenant-occupied and value-add buildings are everyday business for us. Send the address and the rent roll if you have it.
How fast can a multifamily loan close?
As fast as one week. Well-documented deals have funded in 3 to 5 business days, and many close without a formal appraisal.
Can I refinance into long-term financing after the renovation?
Yes. Many borrowers renovate and stabilize with a hard money loan, then move to permanent financing - including our DSCR program for qualifying commercial properties.
Do you work with multifamily brokers?
Yes. Brokers are welcome and GPS Capital pays broker fees. Send the address, unit count 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