Tag - Multi Family

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 [...]

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 [...]

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