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 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
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
Additional Details
Our philosophy is to keep the loans as fee-lite as possible and provide exemplary service to our borrowers.
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.
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!
Office Locations
Our minimum loan amount is $100,000
Send an email to Gauntlet Funding
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