Blog

Closed Loan, No Income verification Cash out Refinance on Partially occupied offices

We were able to assist a borrower with a cash our refinance out on his 3 unit medical office building in Green Bay, WI with limited documentation.The building has 3 units one of which the borrower occupies. One of his 3 units was vacant from a recently moved tenant we were able to get the loan funded to allow the borrower to rehab the unit to accommodate his new tenant moving in January 2018.We were able to get the [...]

H. Jack Miller takes part in the Crittenden National Real Estate Conference in Miami, FL

Gelt Financial is pleased to have H. Jack Miller take part in the Crittenden National Real Estate Conference in Miami, FL on October 25 to 27rd, 2017.Jack is very excited be part of the conference and meet old friends, make new ones and speak about things that he deals with day in and day out. Some of the topics that will be covered will be utilizing bridge financing for not only distressed assets but for non-distressed assets as well, [...]

We love closing Fix and Flip or Fix and Hold deals. Here is another one

We love closing loans and helping small business owners and investors in commercial real estate: Closed cash out refinance of Fix & Hold Single family rental property in New Jersey. Borrower purchased the property to rehab as a fix & hold and ran out of capital. The rehab is about 90% complete, the borrower was able to cash out to complete the rehab on this property and have capital to purchase additional rental with financing from Gelt Financial, LLC. [...]

Just Closed no income verification commercial cash out mortgage refinance, 30 year amortization retail motorcycle dealership

Gelt Financial, LLC just closed a no income verification commercial cash out mortgage refinance with a 30 year amortization on this retail motorcycle dealership. This allowed the borrower to pay off their existing mortgage and cash out to provide working capital for their growing family business.This borrower was unable to obtain traditional bank financing.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, [...]

When this borrower’s bank says No, We said yes. On a commercial mortgage refinance

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 [...]

We are so proud of out team of commercial mortgage professionals

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

Blanket Mortgage closed on 3 retail properties in foreclosure

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 [...]

Closed Loan Cash out No Income Verification Refinance on Multi Family Property

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 approves a “DIP” Debtor in Possession for company in Chapter 11 Bankruptcy

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 [...]

H. Jack Miller to speak at New Jersey Office Summit on Critical Capital Markets

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, [...]