Rehab loans for investment property
GPS Capital finances rehab and renovation projects on investment property - from a dated single family home to a full multifamily value-add. Loans from $500K to $20M, underwritten on up to 70% of after-repair value, with the renovation budget built into the structure. Direct lender since 2003, closings in as fast as one week.
Rehab 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.
Rehab versus fix and flip
A fix-and-flip loan is a rehab loan aimed at a resale. But not every rehab ends in a sale: many borrowers renovate a rental, raise the rents and refinance into long-term financing - or into our DSCR program for stabilized properties. We structure the loan around your actual exit, whether that is a sale, a refinance or a hold.
What we need to see
The property address and photos, the purchase price or current value, a renovation budget with scope of work, your after-repair value estimate and the exit plan. From there you get real numbers - rate, leverage and structure - within 2 hours.
FAQ
Rehab FAQ
What is a rehab loan?
A short-term loan that funds the purchase or refinance of an investment property plus its renovation, underwritten on the after-repair value. GPS Capital lends up to 70% of ARV on rehabs, typically on 12-month terms.
Can I rehab a rental property and keep it?
Yes. Renovate, stabilize, then refinance - many borrowers move a finished rental into our DSCR program for long-term financing based on the property's cash flow.
What are rehab loan rates?
GPS Capital's rates run 9.99% to 12.99% with 1 to 2 points, typically on 12-month terms, priced on the property, the leverage and the exit.
How much of the renovation does the loan cover?
The renovation budget is built into the loan structure against the after-repair value, up to 70% of ARV in total. Send the scope of work and we will structure the numbers.
How fast can a rehab 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.
Do you fund rehab on multifamily buildings?
Yes. Multifamily value-add is a core product - purchases and refinances with renovation budgets, on buildings from 2-4 family up to large multifamily.
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