Single family hard money loans
GPS Capital makes hard money loans on single family investment homes: purchases, cash-out refinances, fix-and-flips and rehab projects, from $500K to $20M. We are a direct private lender, in business since 2003, and we underwrite the house and the plan - not your tax returns or credit score. A well-documented deal can close in as fast as one week.
Terms for single family investment homes
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.
Every loan is underwritten, funded and serviced in-house by GPS Capital.
What a single family hard money loan covers
- Purchase - close on an investment home before a bank could finish underwriting, or win a deal that requires proof of fast funds.
- Fix and flip - financing underwritten on after-repair value, with the renovation plan built into the loan structure.
- Cash-out refinance - pull equity out of a home you already own to fund the next deal.
- Rehab and bridge - short-term capital while you stabilize the property or line up permanent financing.
Note: these loans are for business and investment purposes only. They are not available for owner-occupied primary residences.
How it works
- Send the deal - call 718-247-8863, email Deals@gpscapllc.com or use the form; the property address, loan amount and your goal is enough.
- Get real numbers fast - we follow up within 2 hours with rate, leverage and structure.
- Close in as fast as one week - well-documented deals have funded in 3 to 5 business days, with no formal appraisal required in many cases.
FAQ
Single family FAQ
What is a single family hard money loan?
A short-term loan secured by a single family investment home, underwritten on the property's value and the deal rather than the borrower's income or credit. Investors use them to buy, rehab or refinance houses fast - typically on 12-month terms.
Can I get a hard money loan on a single family home I live in?
No. GPS Capital's loans are for business and investment purposes only and are not available for owner-occupied residential property. The home must be an investment property.
How much can I borrow on a single family investment home?
GPS Capital lends $500K to $20M, up to 70% of after-repair value. For a flip, that means the loan is sized against what the house will be worth after renovation, not just the purchase price.
What rates and points should I expect?
Rates run 9.99% to 12.99% with 1 to 2 points origination, typically on 12-month terms. Every deal is priced on its own merits - the property, the leverage and the exit.
How fast does a single family hard money 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 I need tax returns or a minimum credit score?
No. There is no minimum credit score and no income verification in most cases. We underwrite the house, the numbers and your exit plan.
Can I refinance a single family rental I already own?
Yes. Cash-out refinances on investment homes are a core product - up to 70% of value, with the same one-week close. If the property cash flows, ask about our DSCR program for longer-term rental financing.
Do you fund the rehab too?
Yes. Fix-and-flip and rehab loans are underwritten on after-repair value, up to 70% of ARV, with the renovation budget built into the structure.
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