Blog

Anatomy of a Chapter 11 Bankruptcy Debtor in Possession (DIP) deal

When you need someone who can move fast, understands the deals, flexible and has the experience with Chapter 11 Bankruptcies. We are here for you.   Attorney for DIP calls me and runs by deal on the phone. I present the terms. He sends me what due diligence we need, we issue a term sheet and it’s signed. Attorney makes energy motion to court for DIP financing. Hearing is held and approved, later that day borrowers sign the documents/ The [...]

Who is your lender, is as important as what deal you get… Since 1989.

Who is your lender, is as important as what deal you get... Since 1989. In the past week some examples of how we work with our borrowers. 1. One of our borrowers needed an Extension on their loan. Done. 2. One needed us to increase their existing loan done. Done 3. One needed their due date changed. Done... Relationships matter, we are here for our borrowers. When your bank says No, We says yes. Gelt Financial, LLC

NEW PROGRAM Commercial and real estate investor mortgages

NEW PROGRAM Commercial and real estate investor mortgages from 100k and up. 30 year terms, no balloons. All credit considered, No income verification, foreign nations, Loans to LLC, credit problem ok. fast approvals and closings. Interest rates start at 8%.When your bank says No, We say Yes. Call today 561-221-0900 or visit us at www.Geltfinancial.com     rate

Closed 9.8 Million mortgage on large substance abuse recovery centers

Gelt Financial recently arranged $9.8 million in commercial first mortgage financing for the real estate holding company of a large substance abuse recovery center.  The company acquired three properties in Palm Beach and  Broward Counties from which it had operated and turned to Gelt to find a bank that had knowledge about the industry.  With the new relationship, the company will be able to meet future growth goals by controlling its own real estate. Bob Krupka at Gelt Financial, [...]

Closed commercial owner-occupied business condo- No income verification Mortgage

This borrower’s seller financed mortgage came due on his commercial condo space. Gelt Financial, LLC was able to assist the borrower in refinancing his commercial property from which he runs his family owned machine shop business. We assisted the borrower in obtaining a fixed fully amortized loan with no income verification. 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 [...]

Closed residential investment property listed for sale

We closed a first mortgage for an experienced fix and flip investor cash out on a newly rehabbed SFR in New Orleans LA. Borrower completed a full rehab on the property and had it listed for sale. Through Gelt the borrower was able to cash out 75% of the appraised value on this vacant property. 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 [...]

Closed loan in Philadelphia, Mixed Use property

Closed Loan, Philadelphia the home of the Super Bowl Champion Eagles, vacant Mixed-use property, the buyer was purchasing to fix up and rent out. 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. Contact us online at www.Geltfinancial.com or at 561-221-0900  

Better then Bank Commercial Mortgages without the aggravation new loan programs

Jack Miller of Gelt Financial, LLC announces its “Better then Bank Commercial Mortgages without the aggravation new loan programs” Gelt recognizes that commercial real estate owners and investors are being increasing agitated by the process they have to go thought with traditional banks. Long delays, insane documentation requests and an  underwriting process that defies logic and commonsense. Gelt now offers commercial mortgage products at rates equal to or better than many of bank mortgages, all without the bank stress and [...]

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, [...]