Gauntlet Commercial Real Estate Capital, in partnership with a private equity fund, has raised about $120 million to invest in short-term bridge loans. The two companies will use the $120 million of total equity commitments for funding senior and mezzanine asset-based financing for deployment in the first half of 2011.
Gauntlet will identify, analyze and originate transactions with the private fund providing, administrative, underwriting and servicing support for writing the mortgages. The private equity fund is listed as an alternative investment vehicle on Fidelity, Schwabb, TD Ameritrade and Pershing.
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