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%
Loan Terms
12 months to 360 months
Origination Fees
2% to 2%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
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

  • 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

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

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

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

Deposit 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

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

2

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

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.

Get In Touch

Gauntlet Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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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
Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Total Number of Loans Funded to Date

350

Total Loan Volume Funded to Date

$122,000,000

Get In Touch

Gauntlet Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

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