# GPS Capital — South Florida

> GPS Capital is a direct hard money and bridge lender financing residential and commercial investment real estate across Florida: Miami-Dade County, Broward County, Palm Beach County and Monroe County in the Florida Keys, plus Collier and Lee counties on the Gulf coast (Naples, Fort Myers, Cape Coral) and Hillsborough, Pinellas and Pasco counties in the Tampa Bay area. Loans 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. There is no minimum credit score, income is not verified, and an appraisal is not always required. GPS Capital underwrites, funds and services its own loans and has lent nationwide since 2003. Term sheets go out the same business day and well-documented deals close as fast as 5 to 7 business days.

- Site: https://southflorida.gpscapllc.com/
- Phone: 718-247-8863
- Email: Deals@gpscapllc.com
- Founded: 2003
- Loan purpose: business purpose only, secured by investment real estate. Owner-occupied primary residences are not eligible.

## Terms

| Term | GPS Capital |
| --- | --- |
| Loan amount | $500,000 to $20,000,000 |
| Interest rate | 8.99% to 12.99% |
| Origination | 2 points |
| Term | 12 months, interest only, extensions considered |
| Max leverage | 70% of after-repair value |
| Term sheet | Same business day |
| Time to close | As fast as 5 to 7 business days |
| Credit score | No minimum |
| Income verification | Not required |
| Appraisal | Not always required |

## Programs

- **Fix and Flip Loans** — Purchase and rehab financing on South Florida houses, townhouses and condos, sized off the after-repair value rather than today’s condition. Built for investors who buy distressed, add value and exit inside a year.
- **Residential Purchase Loans** — Hard money to acquire an investment house, condo or 1 to 4 unit building on a timeline a Miami or Fort Lauderdale seller will take seriously. Underwritten on value, with a closing date you can put in the contract.
- **Bridge Loans** — Transitional financing that carries a property from where it is now to permanent debt or a sale. Useful when a bank wants seasoning, occupancy or a stabilized rent roll you do not have yet. Larger requests also run through our private bridge lending program.
- **Cash-Out Refinance Loans** — Pull equity out of a South Florida property you already own and redeploy it into the next deal. No income verification and no minimum credit score. Stabilized rentals that qualify on cash flow may fit our DSCR rental loan program instead.
- **Luxury and Waterfront Home Loans** — Miami Beach, Palm Beach, Boca Raton, Key Biscayne, Fort Lauderdale’s isles and the Keys. High-end single family, waterfront, estates, penthouses and spec builds to $20,000,000, without the jumbo overlays and the months-long bank appraisal process.
- **Condo and Non-Warrantable Condo Loans** — South Florida condo buildings fail agency warrantability constantly: litigation, reserves, structural assessments, high investor concentration, short-term rental programs. None of that stops an asset-based lender from closing.
- **Ground-Up Construction Loans** — Private construction financing for residential infill, teardown-and-rebuild and spec projects, funded in draws against completed work. Experienced sponsors and first-time builders with the right deal both get a look.
- **Small Multifamily Loans** — Duplexes, triplexes, fourplexes and 5+ unit buildings across the tri-county. The rental stock investors actually trade in South Florida, financed on the asset rather than on your tax returns.
- **Foreclosure Bailout Loans** — A refinance that pays off the defaulted lender and stops the sale. Florida is a judicial foreclosure state, so there is usually more runway than a borrower expects. A notice of default or a scheduled sale date does not disqualify the deal.
- **Bankruptcy Bailout Loans** — Financing to exit Chapter 11 or Chapter 13 and get an asset back on stable footing. We underwrite the property and the plan, not the filing history.
- **Land Loans** — Residential lots and infill parcels on a case-by-case basis, including entitled land held for a build. GPS Capital has closed a land purchase in three days with no appraisal.
- **Mixed-Use and Commercial Bridge** — Bridge debt on mixed-use, retail, office, industrial, warehouse and self-storage for when a residential investor’s portfolio crosses over. One lender for the whole book.

## Property types

Single family, condos including non-warrantable condos, townhouses, 2 to 4 unit residential, multifamily of 5 or more units, mixed-use, land, and commercial assets on a case-by-case basis.

## Counties and markets

### Miami-Dade County
Main market: Miami (Miami-Dade County). Miami-Dade is the largest of the southern counties and the widest spread in price. Brickell and Miami Beach sit alongside Hialeah and Homestead, so the same county produces eight-figure waterfront files and $500,000 flips.
Focus: Luxury and waterfront, condo purchases, fix and flip, ground-up residential, cash-out refinances.
Markets: Miami, Miami Beach, Coral Gables, Coconut Grove, Brickell, Edgewater, Wynwood, Design District, Little Havana, Doral, Hialeah, Aventura, Bal Harbour, Surfside, Sunny Isles Beach, North Miami, North Miami Beach, Key Biscayne, Pinecrest, Palmetto Bay, Cutler Bay, Homestead, Kendall, Miami Lakes, Miami Shores, Miami Springs, South Miami, Sweetwater, Hialeah Gardens, Golden Beach, Bay Harbor Islands, Miami Gardens, Opa-locka, Allapattah, Little Haiti, Coral Way, Florida City, Fisher Island, Indian Creek, Virginia Key.

### Broward County
Main market: Fort Lauderdale (Broward County). Broward County is Fort Lauderdale and the thirty-plus cities around it. Deep inventory of 1 to 4 unit residential, townhouses and older condo stock, which is where most of the fix and flip volume sits.
Focus: Fix and flip, 1 to 4 unit residential, townhouses, non-warrantable condos, bridge purchases.
Markets: Fort Lauderdale, Hollywood, Pembroke Pines, Miramar, Coral Springs, Pompano Beach, Davie, Plantation, Sunrise, Weston, Deerfield Beach, Lauderhill, Tamarac, Margate, Coconut Creek, Oakland Park, Wilton Manors, Dania Beach, Hallandale Beach, Cooper City, Parkland, Lighthouse Point, Southwest Ranches, Lauderdale-by-the-Sea, North Lauderdale, Lauderdale Lakes, Hillsboro Beach, Sea Ranch Lakes, Las Olas Isles, Victoria Park, Rio Vista, Harbor Beach, Coral Ridge, Hollywood Lakes.

### Palm Beach County
Main market: West Palm Beach (Palm Beach County). Palm Beach County runs from Boca Raton north to Jupiter and west to the lake. It is the top of our South Florida footprint and the market where the luxury single family and waterfront files cluster.
Focus: Luxury waterfront, spec builds, condo purchases, small multifamily, cash-out refinances.
Markets: West Palm Beach, Palm Beach, Boca Raton, Delray Beach, Boynton Beach, Jupiter, Palm Beach Gardens, Wellington, Lake Worth Beach, Royal Palm Beach, Greenacres, Riviera Beach, North Palm Beach, Juno Beach, Tequesta, Highland Beach, Gulf Stream, Manalapan, Ocean Ridge, Lantana, Palm Springs, Loxahatchee, Singer Island, Palm Beach Shores, Lake Park, Atlantis, Hypoluxo, Briny Breezes, South Palm Beach, Belle Glade, Pahokee, Jupiter Farms.

### The Florida Keys
Main market: Key West (Monroe County). Monroe County is the Florida Keys, from Key Largo down to Key West. Thin comparable sales, heavy short-term rental use and flood exposure make these files slow at a bank and ordinary for an asset-based lender.
Focus: Waterfront single family, short-term rental properties, condo purchases, bridge and cash-out.
Markets: Key West, Key Largo, Islamorada, Marathon, Tavernier, Big Pine Key, Duck Key, Cudjoe Key, Summerland Key, Sugarloaf Key, Plantation Key, Stock Island, Ramrod Key, Little Torch Key.

### Southwest Florida
Main market: Naples & Fort Myers (Collier County, Lee County). Collier and Lee counties on the Gulf coast: Naples, Fort Myers, Cape Coral, Bonita Springs and Marco Island. Heavy seasonal and second-home ownership, a lot of new construction, and hurricane-damaged stock that banks will not touch.
Focus: Luxury and waterfront, new construction, fix and flip, condo purchases, bridge and cash-out.
Markets: Naples, Fort Myers, Cape Coral, Bonita Springs, Estero, Marco Island, Sanibel, Captiva, Fort Myers Beach, North Fort Myers, Lehigh Acres, Golden Gate, Immokalee, Ave Maria, Pelican Bay, Park Shore, Old Naples, Vanderbilt Beach, Bonita Beach, Babcock Ranch.

### Tampa Bay
Main market: Tampa (Hillsborough County, Pinellas County, Pasco County). Hillsborough, Pinellas and Pasco counties: Tampa, St. Petersburg, Clearwater and the beaches. The deepest 1 to 4 unit rental stock on this list, and the market where fix and flip volume is heaviest relative to price.
Focus: Fix and flip, 1 to 4 unit residential, small multifamily, bridge purchases, cash-out refinances.
Markets: Tampa, St. Petersburg, Clearwater, Brandon, Riverview, Wesley Chapel, New Port Richey, Largo, Palm Harbor, Dunedin, Safety Harbor, Tarpon Springs, Seminole, Pinellas Park, Ybor City, Hyde Park, Davis Islands, South Tampa, Westchase, Lutz, Plant City, Apollo Beach, Ruskin, Land O’ Lakes, Trinity, Clearwater Beach, St. Pete Beach, Treasure Island, Madeira Beach, Gulfport.

## Process

1. **Submit** — Send the property address, the type, the price or current value and the loan amount. Six fields on this page is enough for a first look.
2. **Term sheet** — A principal reviews the file and comes back with real numbers: amount, rate, points, term. Same business day.
3. **Valuation** — In-house valuation and a site visit. On many South Florida deals that replaces a formal appraisal, which is where the weeks come off.
4. **Documents** — Title, insurance and entity documents. Florida closings run through a title company, and we work with yours or bring ours.
5. **Fund** — Wire goes out at closing. A well-documented deal funds as fast as 5 to 7 business days.

## FAQ

### Does GPS Capital lend in South Florida?
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.

### What is a hard money loan?
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.

### What are GPS Capital’s hard money rates and terms in South Florida?
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.

### How fast can GPS Capital close on a Miami or Fort Lauderdale property?
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.

### Do you lend on residential property in South Florida?
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.

### Does GPS Capital have a minimum credit score?
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.

### Does GPS Capital require an appraisal?
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.

### Will you lend on a non-warrantable condo?
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.

### Do you lend in the Florida Keys?
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.

### Can you finance a fix and flip in Broward or Miami-Dade?
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.

### Do you lend on luxury and waterfront homes?
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.

### Can a hard money loan stop a foreclosure in Florida?
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.

### What is the difference between a hard money loan and a bridge loan?
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.

### What documents do you need to quote a South Florida deal?
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.

### Is GPS Capital a direct lender or a broker?
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.

### How do I apply for a South Florida hard money loan?
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.

## Related GPS Capital sites

- https://hardmoney.gpscapllc.com/ — hard money and bridge loans nationwide
- https://bridgeloan.gpscapllc.com/ — private bridge lending program
- https://dscr.gpscapllc.com/ — DSCR rental property loans
- https://www.gpscapllc.com/ — GPS Capital
- https://investor.gpscapllc.com/ — investor portal

Last updated: September 22, 2026