Mortgage

Closed Loan: Washington, DC refinance of a Multifamily property

Closed Loan: After being frustrated by other lenders we were pleased to help another real estate investor in Washington DC on the refinancing of his 4 unit multifamily property. We provided him with a cash out refinance, which he wanted to purchase another property. When his Bank said No, we said yes with a fully amortizing mortgage.   Gelt Financial has been providing financing to real estate investors and owners of commercial real estate since 1989. When your bank says No [...]

Cash out refinance , No income Verificaion investment property in Pennsylvania

We are pleased to provide financing for a real estate investor on a cash out refinance  on an investment property in Pennsylvania. The borrower cashed out to pay tax liens as well as pursue additional investments. This was done as a No Income Verification and No Tax Returns deal that closed in less than 30 days. We love helping investors and business owners and supply them with the capital they need when others are saying no, we say yes.

Cash Out Refinance for Owner of Liquor Store to expand

We are pleased to help another small business owner and provide them with a cash our refinance mortgage on a liquor store they owned in Dearborn, Michigan, they came to us wanting to purchase the adjoining the next door property and expand their business. We provided them with a 30 year amortization  cash out refinance mortgage.  We love helping investors and business owners and supply them with the capital they need when others are saying no, we say yes.

Gelt Financial buys Multi Family Debt in Chapter 11 Bankruptcy

Gelt Financial, LLC is pleased to announce that is has purchased the debt of two Multi Family mortgages that are in Chapter 11 Bankruptcy.  According to Jack Miller, Gelt’s president, “we have been purchasing opportunistic debt since 1990 when our first purchase was a 13 Million portfolio of credit card debt from the Resolution Trust Corporation, along the way we have purchased portfolios of consumer discount paper, tax liens, and many commercial mortgages”. In 2006 Barron’s wrote a piece [...]

Cash out No Income Verification Mortgage on Investment Property

Gelt Financial, LLC is pleased to announce that it has closed another mortgage under its no income verification investment property mortgage program, this was a cash out refinance on an investment property. Under this streamlined program there are no income verification's and no tax returns required. The borrower used the cash from this refinance to puchase another investment propertyand growing his portfolio. The loan had a 30 year term with no ballon. According to Jack Miller, Gelt is financing more and [...]

No Income Verification Mortgage Loan Closed on an Investment Property

Gelt Financial arranged a cash out refinance for a client that owns a single family investment property. The loan amount was $130,000.00 with a 30 year amortization and no balloon. It was done under our No Income verification loan program. Our No income verification program lets owners of investment properties and owner occupied business and commercial properties purchase and refinance them without a lot of the red tape that banks do. In this case 3 other lenders turned down [...]

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 [...]

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 [...]

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 [...]