If you're a fix-and-flipper who's ready to sell your old home, but you're unable to qualify for a bridge loan, then it might be time to consider a short-term loan. Gauntlet Funding is also a full-service lender providing conventional mortgages for both residential and commercial properties at very competitive rates and terms. Bridge loans are great for fixing and flipping homes because they help buyers secure financing when they need it most by offering immediate cash flow. The loan terms are typically one year or less and are secured by the property itself or real estate. Bridge loans in New York can offer up to 80% LTV, but some lenders may require higher amounts of down payment or equity. Bridge Loans are great options for people who need cash on hand quickly or who want to get a house ready before they sell their current home.