Direct Private Bridge Lender · Est. 2003
Bridge loans in Chicago, IL
GPS Capital is a direct private bridge lender for Chicago-area investment real estate. Bridge capital for multifamily acquisitions, courtyard-building rehabs and refinances across Cook County and the metro - funded in as fast as one week.
Chicago 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 Chicago
Chicago's older multifamily stock is natural bridge territory: buy the building, fund the value-add plan, refinance or sell on your schedule. We underwrite what the building will be, not just what it is - with no credit minimum or income docs in most cases.
Questions
Chicago FAQ
Who is a direct bridge lender in Chicago?
GPS Capital is a direct private bridge lender, funding investment property nationwide since 2003, including the Chicago 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 Chicago?
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 carry a Chicago building through a value-add renovation?
Yes. We structure the bridge around the renovation and stabilization plan at up to 70% of after-repair value, with the takeout agreed up front.
What credit score or income docs do I need for a Chicago 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 Chicago-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.