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dealing with gauntlet real estate capital in arizona are they capable of closing or just another upfront fee companies

Niicss · Posted: Thu Aug 06, 2009 2:33 am Post subject:

Are you dealing with Gauntlet real estate capital, Arizona right now? I have never dealt with this company. I would suggest you to research about the company properly before going into any kind of deal. This will let you know whether or not the customers of this company are satisfied with their service.

Guest

I worked with a group by the name of Gauntlet Commercial In AZ. May be the same group. we were chasing a purchase but lost to another buyer. I Worked with a Mr. Michaels and only have good things to say. I would recommend based upon my experience. After all i was referred by a good friend at CBRE who dealt with them on a large industrial lease.

Guest

I would stay away they are a spin off off REMINGTON FINANCIAL

Guest

I have only heard good things. I have also been referred to to them a hand full of times. This speaks louder than most broker driven cries with shitty deals.

Guest

losed a 550,000 refinance of a 13 year standing restaurant. I was very pleased. low pts.

Guest

We are about to give them hte 9-10k they want, and just need to find someone who has actually been funded by them.

Regards,
James Cook

[Phone number deleted as per forum rules. Thanks.]

Posted: Wed Oct 28, 2009 8:57 pm Post subject:

I haven't dealt with this company but I find that people have mixed opinion about this company.

Guest

They couldnt provide any verified closed deals, and from my experience they didnt give me confidence they knew what they were doing, seemed very new to the business... And wanted upfront money.... thats usually a red flag right there.

Guest

It does not matter who refers you to Gauntlet. Reputable lenders (of the past) have gone crooked because it's easier to make a living collecting fees than actually closing deals. IF THE LENDER CANNOT PROVIDE VERIFIABLE CLOSING, don't walk - RUN !!

Guest

i couldnt agree more

Guest

I have 2 deals in with them now. Are you sure guest 2345 that they are a spinnoff of Remington? They claim they can close my deals. We are at the appraisal stage for a $2 million deal. Also awaiting terms on a $300 million deal. They have not asked for upfront fees.(as of yet).

Guest

I have closed a very small loan with them. This was purchase of a retail center in Dallas. A 300m deal in general cannot get done in these markets. i am interested to see the outcome, please post. ( i have a 125m deal but cannot risk to just go see.) my experience was fine, but much smaller and traditional.

Rory

Guest

BEWARE - do business with Gauntlet ar your own risk - Unfortunately some out there will learn the hard way that Gauntlet is not a lender. Gauntlet will issue an attrative term sheet/loan application for proceeds that will never be delivered. Gauntlet will do the following: isssue a term sheet/loan app., collect an upfront processing fee, and then market your deal to other lenders that may or may not be able to perform at the level that Gauntlet indicated. Gauntlet has destroyed one of my good Borrower relationships by not being upfront and honest about their capabilities. GAUNTLET IS NOT A LENDER

Guest

Gauntlet Closed my loan Through a private agent in SD. The agent was in a JV partnership with Gauntlet. Their reps claim to close more deals this way, i don't really care as long as my loans get closed. I have nothing but good things to say about the service and experience. My fee was credited back out of the origination points.

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anyone ever used gauntlet real estate capital