Hard money for South Florida homes, done in days.

Yes. GPS Capital lends across South Florida — Miami-Dade, Broward and Palm Beach counties and Monroe County in the Florida Keys — and also on the Gulf coast in Naples and Fort Myers and across the Tampa Bay area. Loans run $500,000 to $20,000,000 on investment residential and commercial real estate, and GPS Capital has lent nationwide since 2003.

A hard money loan is a short-term loan secured by real estate and underwritten on the value of the property rather than the borrower’s credit or income. South Florida investors use hard money when a bank is too slow, or when the property or the borrower does not fit bank guidelines. GPS Capital hard money loans run 12 months, interest only on investment property.

GPS Capital hard money loans in South Florida range from $500,000 to $20,000,000 at 8.99% to 12.99% interest with 2 points, on a 12 months, interest only term, up to 70% of after-repair value. Final pricing depends on the property, the leverage and the exit.

GPS Capital closes as fast as 5 to 7 business days on a well-documented deal. A term sheet usually goes out the same business day the deal is submitted. Skipping a formal appraisal, where the file allows it, is what takes the weeks off.

Yes. Residential is the core of this program: single family houses, condos, townhouses, and 2 to 4 unit buildings, plus 5+ unit multifamily. Every loan is business purpose and secured by investment property, so owner-occupied primary residences are not eligible.

No. GPS Capital has no minimum credit score and does not verify income. Underwriting is on the asset and the exit, so prior foreclosures, bankruptcies and derogatory credit are not disqualifying.

Not always. GPS Capital can close many South Florida hard money loans without a formal appraisal by using in-house valuation and a site visit. When an appraisal is needed it is ordered on day one so it does not hold up the closing.

Yes. South Florida condo buildings routinely fail agency warrantability over litigation, reserve shortfalls, structural assessments, investor concentration or a short-term rental program. GPS Capital underwrites the unit and the exit, so a building that a conventional lender will not touch is still financeable.

Yes. GPS Capital lends throughout Monroe County, from Key Largo and Islamorada through Marathon and Big Pine Key to Key West. Thin comparable sales, short-term rental use and flood exposure slow these files down at a bank and are ordinary for an asset-based lender.

Yes. GPS Capital sizes fix and flip loans off the after-repair value rather than the current condition, up to 70% of after-repair value. Purchase and rehab are both financed, and the term is 12 months, interest only so the loan matches a one-year flip.

Yes. GPS Capital funds bridge loans to $20,000,000 on luxury single family homes, waterfront property, estates, penthouses and high-end spec builds in Miami Beach, Palm Beach, Boca Raton, Key Biscayne, Fort Lauderdale and the Keys. These close on the same asset-based timeline as any other loan, without jumbo overlays.

Often, yes. Florida is a judicial foreclosure state, so the process runs through the courts and usually leaves more runway than a borrower expects. GPS Capital refinances properties in default to pay off the foreclosing lender and stop the sale. A notice of default or a scheduled sale date does not disqualify the deal.

A bridge loan is a hard money loan used to cover the gap between buying or refinancing a property and the permanent financing or sale that follows. Both are short-term, asset-based and secured by real estate. GPS Capital offers both under one program at the same rates and terms.

GPS Capital needs the property address and type, the purchase contract or current value, the loan amount requested, the exit plan and a personal guarantee. Tax returns and income verification are not required in most cases.

GPS Capital is a direct lender. GPS Capital underwrites, funds and services its own loans in-house. There is no committee and no outside capital approval, so a term sheet from GPS Capital is a decision rather than a referral.

Submit the deal through the form on this page, email Deals@gpscapllc.com, or call 718-247-8863. Send the property address and type, the price or current value, and the loan amount you need. GPS Capital responds the same business day.