Gauntlet Funding

Melville, NY·2 states

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.

Gauntlet Funding describing itself

Loan programs

Offers— no published terms

DSCR / Long-Term Rental Fix & Flip Commercial

Terms & qualification

Typical loan size: $100K – $4.5M
Typical term: 12 mo – 30 yr
Interest rate: 7.99% – 13%
Origination / points: 2% to 2%
Minimum FICO: 550
Lien position: 1st
Prepayment penalty: no
Payment structure: Interest Only
Recourse: Always
Closing speed: 14 days typical · 2 days fastest
Cross-collateral: Yes
Equity / JV capital: Yes
Income documentation: Credit Report, Bank Statements, Financial Statements, Loan Application
Borrower entity: LLC, Corporation

Lending footprint

CT FL