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Gauntlet Funding is a New York based private funding group comprised of experienced and knowledgeable industry professionals who specialize in direct private lending and distressed asset financing. We provide loans to residential and commercial real estate investors in the New York metropolitan area and Florida. We are dedicated to our clients, providing both industry expertise and quick closings at competitive terms.

Unlike most lenders, Gauntlet Funding is a multi-million dollar backed investment company and the sole decision-makers on any property that we approve to finance, partner, sell or purchase. We never deploy any “middlemen”, brokers or any other 3rd parties when it comes to making our business decisions, which means that you will always deal directly with a Gauntlet Funding principal on every single deal.

Property Geographic Area Details

NYC metro area, Philadelphia, Connecticut, Florida

Loan Amounts

$100,000 to $4,500,000

Interest Rates

7.99% to 13%

Max Loan-To-Value

70%

Max Loan-To-Cost

90%

Origination Fees

2% to 2%

Loan Terms

12 months to 360 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial
  • Owner Occupied Residential

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Bed and Breakfast
  • Child Day Care
  • Commercial Condominium
  • Condominium
  • Hotel
  • Mixed-Use
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Retail
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Commercial Long-Term

Specialty Loan Types

  • Residential Long-Term Rental
  • Commercial Permanent Financing

Purchase Loan

Max Loan-To-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

2

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

65%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Payment Structure Details

We hand craft loans to make them succesful

Pre Payment Penalty

no

Will lend to a foreign national

yes

As long as guarantor has a social security number and can form an LLC/Corporation we can fund!

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

This is typically for existing borrowers who we have formed a relationship with.

Borrower Entity Types Considered

  • LLC
  • Corporation

Documentation Required

  • Credit Report
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

550

Credit Check Description

We have a variety of different products and some of them are eliminated by lower credit scores. For the best deal terms a high credit score along with being experienced in the transaction types are preferred.

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$500.00 to $1,500.00

Depending on loan program and property type. When we can we typically don't require deposits for repeat borrowers.

Legal Fee

As per lawyer

Appraisal Fee

Charged by appraisal company

Minimum Origination Fee Amount

$225

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are charged upfront prior to loan closing

  • Deposit
  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee

Legal Disclaimer

And and all programs are subject to change and the most up to date loan parameters may not be reflected on any brochure, website or other electronic documentation. All loan programs and parameters are subject to change.

Additional Details

Our philosophy is to keep the loans as fee-lite as possible and provide exemplary service to our borrowers.

For over 20 years, the industry experts at Gauntlet have been financing REOs, short sales, construction projects and all types of residential and commercial properties regardless of condition or situation.

Gauntlet Funding specializes in flexible private lending programs suited to fit today’s investor needs. In addition to our Private Money Programs, Gauntlet Funding is also a full-service lender providing conventional mortgages for both residential and commercial properties at very competitive rates and terms. Also, since Gauntlet Funding is a direct lender and NOT a broker, you can always rely on our expert advice, quick decisions, and fast closings!

Year Established

2013

Associations

  • AAPL - Member

Office Locations

Gauntlet Funding - Melville Office
68 S. Service Road, Melville, New York 11747

Gauntlet Funding - Queens Office
101-05 Lefferts Blvd, S. Richmond Hill, New York 11419

Primary Capital Source

  • Own Funds
  • Hedge Funds

Alternative Capital Sources

  • Individual Investors
  • Family Offices
  • Bank Credit Line
  • Private Equity Funds
  • Friends & Family

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • A/B Note Participation with Bank

Alternative Loan Structures

  • Own Balance Sheet
  • Multiple Investor Fractionalized Note
  • Table Funding with Capital Partner
  • Table Funding with Bank
  • A/B Note Participation with Bank

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Percentage of Residential Property Loans Which are Fix and Flip

75%

Percentage of Residential Property Loans Which are Buy and Hold

25%

Total Number of Loans Funded to Date

350

Total Loan Volume Funded to Date

$122,000,000

2017 Number of Loans Funded

110

2017 Loan Volume Funded

$35,000,000

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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$
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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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