Blog

Multi Family Closing

Gelt Financial arranged financing for clients that own a 34 unit multi-family apartment near Pittsburgh, PA.  The loan enabled the client to pay off a higher interest loan and receive cash for other business purposes while lowering their monthly payment.  With interest rates at an all-time low, Gelt is saving investors large amounts of money be refinancing multifamily as well as other real estate investments. We focus on delivering the very best rates and terms to our borrowers in [...]

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 September 22 and 23rd, 2016. 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, [...]

Accounts Receivable Financing Approved for Company in Bankruptcy

We are pleased to have secured asset based financing for a telecommunications and IT company in Chapter 11 Bankruptcy providing them with an accounts receivable line of credit. Prior to contacting us the company was languishing in the bankruptcy process, when the hardworking owner called he was frustrated and at the end of his rope. Our financing allowed for a deal to be done with their current lender and a plan for reorganization being filed. We were thrilled to [...]

Commercial Mortgage Owner Occupied Business, Bank turndown

Gelt Financial was able to arrange financing for the hard working owners of a business and commercial real estate a sports retailer using their commercial real estate as collateral in New England. The financing on this owner occupied property greatly reduced high cost debt, provided additional funds for inventory and generally improved their working capital position so they can grow their business. Due to some past credit challenges the owners where turned down by their bank, another case [...]

Closed Bridge loan for a Purchase and rehab of Multi Family Property in Georgia

We are please to be able to arrange financing for the purchase and rehab of a 118 unit, value added apartment complex in Decatur, GA. The borrower found a good deal and needed capital to close fast, stabilize the property and then obtain permanent financing. Our financing provided that for him. We have been helping business owners and commercial real Estate investors since 1989 with financing needs. For your financing needs call us at 561-221-0900

Multi Family Mortgage New Application Special

Multi Family Rates starting as low as 3.20%, new applications by 6/15/16 No Appraisal, lender, Environmental or legal fee's. PROGRAM HIGHLIGHTS · $1-$5M LOAN SIZE · 5 UNITS MINIMUM / NO MAXIMUM · NON-RECOURSE · INSTANT RATE LOCK AT SIGNED APP · 30 YEAR AMORTIZATION · FULL/PARTIAL TERM IO AVAILABLE · 70%-80% LTV · NATIONWIDE - ANYWHERE IN USA · ~90% OCCUPANCY OK · PORTFOLIOS/BLANKETS CONSIDERED For information please contact 561-221-0900

H. Jack Miller speak’s at Crittenden National Real Estate Conference

GFCIB and Advisors, LLC is pleased to have H. Jack Miller speak and take part in a panel discussion “Utilizing Bridge Capital in a Rising Real Estate Market” at the Crittenden National Real Estate Conference in San Diego on April 19, 2016. Also on taking part in this were Brent Truscott, Bloomfield Capital, Brett Forman, Forman Capital, Alex Cohen, Liberty SBF and William Mitchell. Some of the topics talked about were utilizing bridge financing for non-distressed assets, thinking [...]