Gelt Financial, LLC just closed a commercial mortgage with a 30 year amortization. This borrower was unable to obtain traditional bank financing because of a personal IRS tax lien,With the Borrower’s existing loan already matured, we were able to refinance his loan on this 12,000 sq. ft. Processing facility. The new loan is a 5yr fixed amortized for 30 years.Borrower was able to cash out to help pay off personal IRS tax liens and pay off his existing loan [...]
H. Jack Miller, recently said how proud he was of the entire Gelt Financial, LLC team for all the hard work they do. We are lucky to have a team of very seasoned caring commercial mortgage professionals who work round the clock to get the job done. They consistently always go above and beyond. We are blessed. Gelt Financial, When your bank says No, We say Yes
Gelt Financial, LLC recently closed a blanket mortgage on three retail properties in foreclosure, thought a series of bank mergers the latest bank put this paying loan in default after first cutting off their line of credit. Almost putting this family owned multi location business out of business and caused major problems to them and a lot of sleepless nights. We structured a discount on the existing bank debt and refinanced it into a sable mortgage loan as part [...]
Gelt Financial, LLC is pleased to provide financing for an owner of a 6 unit multi-family investment property in Cincinnati, Ohio. This was No income verification cash out refinance with a 30 year amortization.When your bank says NO, we say Yes, Gelt offers non-bank financing to real estate investors and commercial property owners with programs that include no income verification loans, No seasoning, Bank Turn downs and credit problems welcomed.
Gelt Financial, LLC approved a “DIP” Debtor in Possession first mortgage on a health care facility in New England. Over the years Gelt has developed a specialty in helping owners of business and real estate thought challenging times. According to Jack Miller, “we don’t shy away from challenging situations. We have the flexibility to work with the owners, stakeholders, attorneys and come up with a structure that works for all parties. We have a long history of helping those [...]
Jack Miller is pleased to speak and take part in a panel discussion “Critical Capital Markets Updates and Office Market Strategies" at the 3rd Annual New Jersey Office Summit Iselin, New Jersey on April 26, 2017.Some of the topics that will be talked about is utilizing Preferred, Bridge financing as an option, Crowd funding, CMBS 2.0 and Life Loans .Thinking of different funding options as tools in a tool box, you need to know when and how to use it, [...]
Jack Miller is pleased to speak and take part in a panel discussion “Alternative Financing Solutions for Real Estate Deals” at the 2nd Annual Mid-Atlantic Real Estate Capital Markets Conference in Philadelphia on April 27, 2017.Some of the topics that will be talked about is utilizing Preferred, Bridge financing as an option, Crowd funding, CMBS 2.0 and Life Loans .Thinking of different funding options as tools in a tool box, you need to know when and how to use [...]
After failed attempts with previous lenders, we were able help borrower attain financing for the acquisition of a mixed use Investment building in Newark NJ. This income producing property is a great start for this new investor. When your bank says No, we say Yes
Borrower cashed out $230k on a 2 bedroom luxury condominium located in the Heart of downtown Miami.We Paid off his first mortgage and gave them a new mortgage of $603k which enabled him to cash out.Proceeds from the cash out on this rental property will be used to purchase additional investment properties in the Miami area.When your bank says NO, we say Yes, Gelt offers non bank financing to real estate investors and commercial property owners with programs that [...]
Closed loan on a Mixed use property. We financed this borrower one year ago right out of a bankruptcy with a one year term loan, now they have reestablished there credit and we provided them with permanent financing. We love making people happy. When your bank says No, We say Yes.