Tag - No Income Verificaion

Closed Loan: Cash Out Refinance: Investment Condo Miami, FL. 70% LTV

Borrower cashed out $230k on a 2 bedroom luxury condominium located in the Heart of downtown Miami.We Paid off his first mortgage and gave them a new mortgage of $603k which enabled him to cash out.Proceeds from the cash out on this rental property will be used to purchase additional investment properties in the Miami area.When your bank says NO, we say Yes, Gelt offers non bank financing to real estate investors and commercial property owners with programs that [...]

Self-Employed Professionals Struggle to Secure Investment Financing

Even though mortgage rates are reaching record lows, business owners and self-employed professionals are having difficulties participating in the financial opportunity. Leading news outlets are reporting that it is continuously difficult for self-employed individuals to receive traditional bank financing. Some of the self-employed individuals who fall under this category are earning high six-figure salaries as lawyers, accountants, and real estate agents. One of the biggest obstacles for self-employed professionals are the bank’s stringent underwriting criteria when it comes to income [...]

Commercial Financing & Real Estate Investment Programs

Commercial Financing & Real Estate Investment Programs February 19, 2015Press ReleaseGelt Financial Corporation, in business since 1989, is pleased to announce several new Real Estate Investment & Commercial Financing Programs.We offer a stated income loans for both purchases and refinances.  We offer cash out refinances up to a 70% Loan to Value.  We offer 30 year terms with no balloons with a minimum credit score of 650 in 40 states.  Our loan amounts range from $250,000 up to 10 million dollars.We specialize in [...]