Fast, asset-based hard money financing for the purchase and the rehab. Close in as little as 10 days, no rigid bank underwriting required.
Get Pre-QualifiedCall (631) 465-2161Gauntlet Funding provides fix and flip loans for real estate investors buying distressed, short-sale, REO, or foreclosed properties that need renovation before they can be resold or rented. As a direct private lender based in New York, we fund both the purchase and the rehab, underwrite based on the deal rather than a rigid credit model, and can close far faster than a bank. We lend throughout New York and New Jersey, across Florida, and nationwide.
Fix and flip loans finance the purchase and renovation of a distressed property that an investor plans to resell, or in some cases refinance into a long-term rental, once repairs are complete. The properties involved are usually short sales, REOs, or foreclosures that need meaningful work: a new roof, updated systems, a full interior remodel, or structural repairs. The investor adds value through the renovation, then sells or refinances the property for a profit.
These loans are built for investors and experienced renovators, not owner-occupants. Because the timeline from purchase to resale is usually 9 to 12 months, fix and flip loans are structured as short-term financing rather than a 30-year mortgage.
The most common way to finance a fix and flip is a hard money loan: short-term, asset-based financing secured by the property itself rather than the borrower's personal credit profile. Because underwriting is based on the deal and the property's after-repair value, hard money lenders like Gauntlet Funding can move much faster than a traditional bank, often funding within roughly two weeks instead of a month or more.
The property serves as collateral, and the loan is designed around the investor's renovation plan and exit strategy, whether that's a sale or a refinance into a long-term rental loan, rather than the borrower's W-2 income or tax returns.
Gauntlet Funding is headquartered on Long Island in Melville, New York, and has spent more than 20 years financing fix and flip investors across the New York City metro area, Long Island, and New Jersey. That local experience matters: accurately underwriting after-repair value in specific NYC and NY metro neighborhoods is one of the biggest factors in getting a fix and flip deal funded quickly and at the right rate.
As a direct, private lender rather than a bank, we make our own credit decisions and aren't slowed down by the multi-week committee approvals that typically stall bank financing for distressed properties. While New York is home base, Gauntlet Funding also funds fix and flip loans in New Jersey and Florida, and works with investors nationwide.
We underwrite the deal and the property, not just your credit file, so you can close in as little as 10 days.
Rehab funds are released in draws as an inspector verifies completed work against your scope.
Resell for a profit, or refinance into a long-term DSCR rental loan and hold the property.
Rehab funds are typically released in draws rather than all at once:
Fix and flip loans generally run 9 to 12 months, though the exact term depends on the scope of your project. Borrowers should plan to cover monthly loan payments throughout the renovation period.
Our fix and flip loans are structured for real estate investors and renovators, whether it's your first project or your fiftieth.
We can typically close fix and flip loans in as little as 10 days to 2 weeks, far ahead of a conventional bank.
Our fix and flip loan rates are structured to stay competitive with the broader hard money market.
Traditional lenders are often unwilling to finance distressed properties. As a direct hard money lender, we underwrite the property's upside, not just your credit file.
Gauntlet Funding has financed REOs, short sales, and fix and flip projects of every size for over two decades.
We fund our own deals, so there's no waiting on a third-party investment committee to approve your loan.
Investors purchasing distressed, short-sale, REO, or foreclosed properties
Experienced flippers who need funding to move quickly on a deal
First-time investors starting their first renovation project
Investors who need renovation funds disbursed in draws as work is completed
Borrowers who don't fit a conventional bank's credit or documentation requirements
Investors planning to refinance a completed flip into a long-term DSCR rental loan
Fix and flip loans are short-term loans that finance the purchase and renovation of a distressed property an investor plans to resell, or occasionally refinance into a rental, once repairs are complete.
Most fix and flip loans are hard money loans. Hard money financing is asset-based and secured by the property rather than the borrower's personal credit, which is what allows fix and flip lenders to close much faster than a conventional bank.
Look for a direct, private lender rather than a bank. Gauntlet Funding underwrites in-house and can typically close fix and flip loans in as little as 10 days to 2 weeks.
Generally, you'll need a completed loan application, government-issued ID and Social Security number, signed purchase agreement, renovation budget or scope of work, and a lender-ordered appraisal or BPO.
Most fix and flip loans run 9 to 12 months, depending on the scope of the renovation and the investor's exit timeline.
Yes. Gauntlet Funding is headquartered in Melville, New York, and funds fix and flip loans throughout New York City, Long Island, and New Jersey, as well as in Florida and nationwide.
Ready to move on your next deal? Get pre-qualified online in minutes or talk to our team directly.
Get Pre-QualifiedCall (631) 465-2161