Gauntlet Funding

Hard loans are a great avenue for both commercial and residential property financing, as they re able to offer several benefits that traditional lending can t compete with, such as fast processing and easier qualification.

The best way to secure a private money loan is to know or be referred to a reputable private money lender. The prospective borrower can simply call and describe the nature of the project for which capital is desired. When presenting a project to a lender, the borrower should be prepared to provide the following information: Deadlines and dates which are critical to the transaction (for example, the closing date for a purchase if the borrower is seeking a purchase money loan); The specific property address; Whether the loan is for a property acquisition or refinancing of an existing loan; The purchase price of the property; The intended renovation budget; The intended asking price for the property (assuming the project is going to be resold after renovation);