Direct Private Bridge Lender · Est. 2003
Bridge loans in Brooklyn, NY
GPS Capital is a direct private bridge lender headquartered in Brooklyn. When a Brooklyn deal cannot wait for a bank - an auction date, an estate sale, a maturing loan, a purchase that has to close before your last property sells - we underwrite the asset in-house and fund in as fast as one week.
Brooklyn bridge 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 first-lien terms. No minimum credit score, no personal income verification in most cases. Funds in as fast as one week - well-documented files have funded in 3 to 5 business days.
Bridge financing in Brooklyn
Brooklyn bridge deals we see most: buying the next property before the current one sells, cash-out on a building with trapped equity, and bailout situations with a hard deadline. GPS Capital closed a $425,000 Brooklyn cash-out refinance in a week for a borrower who needed to move fast.
Questions
Brooklyn FAQ
Who is a direct bridge lender in Brooklyn?
GPS Capital is a direct private bridge lender, funding investment property nationwide since 2003, including the Brooklyn market. Every loan is underwritten, funded and serviced in-house - no broker, no outside committee between you and the wire.
What are bridge loan rates in Brooklyn?
GPS Capital's bridge loans run 9.99% to 12.99% with 1 to 2 points, from $500K to $20M, up to 70% of after-repair value, typically on 12-month first-lien terms. Every deal is priced on its own merits.
Can a bridge loan cover a Brooklyn auction purchase?
Yes - auction and foreclosure-deadline purchases are a core bridge use. Tell us the auction date up front; well-documented files have funded in 3 to 5 business days.
What credit score or income docs do I need for a Brooklyn bridge loan?
None. There is no minimum credit score and no personal income verification in most cases - the property carries the loan. A personal guarantee is standard.
Do you work with Brooklyn-area brokers?
Yes. Brokers are welcome and GPS Capital pays broker fees. Send the property address, loan amount and the borrower's goal for a same-day review.
Related
Next Step
Send the deal. Get a
straight answer.
Property type, address, loan amount, and your goal is enough for us to start. Every submission is reviewed by the team that funds the loan, with follow-up inside 2 hours.