Gauntlet Funding, LLC
Melville, New York
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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
- Commercial Permanent Financing
- Residential Long-Term Rental
Max Loan-to-Purchase Price
90%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Family
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
2Development Experience Required
noMinimum Number of Ground-Up Construction Projects Completed by Borrower
0Max LTC for Ground-Up Construction Costs
65%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesDeposit Required
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 paid to a third party company
- Appraisal Fee
Get In Touch
Stay Informed About Private Lending
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!
Associations
- AAPL - Member
Office Locations
Gauntlet Funding - Melville Office68 S. Service Road, Melville, New York 11747
Gauntlet Funding - Queens Office
101-05 Lefferts Blvd, S. Richmond Hill, New York 11419
Get In Touch
Stay Informed About Private Lending
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