Providing Mortgages to Real Estate Investors and Business Owners
Gelt Financial was founded in 1989 and is based on the core values of hard work, transparent services and products, and exceeding the highest of expectations in everything we do. As a company, we have accomplished a lot that we can be proud of. We have helped over 10,000 hardworking people finance their investment properties, enabling them to build better lives for themselves.
WE HAVE PROVIDED OVER $1 BILLION IN FINANCING SINCE 1989!
There has always been plenty of hard work and constant changes, and we’re always looking to be the best we can be. Of course, during the global economic meltdown and the great recession, there was a lot of pain and sorrow along the way. We kept pushing through the challenges that came up. The company is really a combination of many talented people who gave it their all with unparalleled passion. There were plenty of great people on our team- TO, JZ, AM, TT, US, CB, JP, JW, MNM, MB, MK, and so many others who are pure talent and greatness.
Gelt does not shy away from complicated and difficult financing situations. We work with business owners and commercial real estate investors across the country on a wide range of cash-flowing assets. We work with clients who would not qualify for traditional bank financing due to quick closing, poor credit, insufficient documentation, or other challenging circumstances.
Gelt Financial LLC is a DBA of GFCIB and Advisers, LLC.
Our History
Present
Gelt Financial continues to provide financing for commercial and investment real estate nationwide.
2025
Paul Barash joins the firm as VP Originations, Josh Miller joins as Property Manager, and Gelt continues to provide financing for 1031 exchanges, foreclosure bailouts, NNN leases, maturity defaults, etc. We are also very active in purchasing notes from banks and private lenders.
2022
Gelt Charitable Foundation is formed to bring more light into the world.
2020
2020 started with fresh energy and optimism, but the coronavirus pandemic shut down the world and changed its way of life. We have survived challenges before, and we will overcome this one as well. We have introduced a new Line of credit for our existing borrowers to provide them with the cash they might need, as well as come out with a small commercial mortgage product starting at $25,000.00, which is meant as a much more reasonably cost alternative to MCA and ACH loans
Watch us grow, originate mortgages nationwide, purchase performing and non-performing debt, and act as a specialty servicer for investors. We are building a great team, great systems, and great products, all focused on meeting the needs of small business owners and real estate investors.
2016
Gelt Financial is reborn with great energy, and we have been working tirelessly on meeting the needs of our many customers nationwide.
2014
Surviving the economic recession, Gelt has continued to build relationships and secure loans for non-owner-occupied residential and commercial real estate investors. Expanding its services to offer Debtor-In-Possession financing, accounts receivable, bridge loans, and more.
Gelt is reborn as Gelt Financial, LLC, a separate company from the old Gelt and the holding company.
2011
Very sadly and painfully, the FDIC seized the bank due to the weight of global financial markets and increased regulatory pressure.
2010
We began the long, painful journey through the global economic meltdown and recession. These were hard years, but we fought through them.
2007
The company had split into two: the bank, a standalone company and the Holding Company, which now owned the commercial real estate side, and Gelt Financial Corporation, our lending division, operating separately.
2006
In 2006, our holding company purchased Public Savings Bank, a tiny $24,000,000.00 bank (We had big plans but lousy timing).
2005
In its lifetime, Gelt has closed over 10,000 loans, both large and small. Gelt Financial leverages its vast experience, streamlined processes, and strategic alliances to deliver competitive financing and ensure a smooth, rapid closing for its clients.
2003
In about 2003, we started selling loans and participation interests in some of our portfolios to banks to help us grow and offer a larger product line to our customers and meet their ever-growing needs. The banks loved it as we supplied a steady source of loans for them. Over time, the banks found that our loans were more cost-effective for them because there was no origination cost. They were also more cost-effective to service because we serviced the loans, and they performed better.
1999
As an industry leader, Gelt has always sought new ways to make loans to quality borrowers who are traditionally underserved by the mortgage industry.
In 1999, when Jack Miller realized that the small commercial borrower and investor was neglected by the mortgage industry, he switched Gelt’s focus from residential owner-occupied lending to commercial real estate lending. Gelt quickly became a leader in commercial lending and built a portfolio of thousands of small commercial loans. This was a very rewarding time, as we offered financing to those who banks were not helping. Since then, Gelt has successfully demonstrated that it can provide “make sense” loans to borrowers who would have had difficulty finding traditional financing. Our new business model has proven to be tremendously successful for both Gelt and its clients.
Also in 1998, Gelt co-founded an equipment leasing company, providing the financing that small businesses needed to purchase the equipment they needed. We did this with Uri Shoham, and after several years, Uri became Gelt’s CFO.
In 2000, we began forming partnerships to purchase commercial real estate.
1993
In 1993, Ari Miller started working for the company performing clerical work and assisting other’s learning the business from the ground up, and with his hard work and devotion quickly rose through the ranks as top performing loan officer, opening and managing an office in New Jersey in 1996, and then became head of production in 1997.
1991
Circa 1991, we entered the automobile lending world. We did this for about 1 year, then decided to focus on our rapidly growing national mortgage business. We opened offices in Pittsburgh, PA; Marlton, NJ; Ohio; and Las Vegas, NV. We operated a call center in 24 states. We also operated both retail and wholesale operations.
1989
Founded in 1989 by its President, Jack Miller, Gelt Financial was originally started in an extra bedroom of Jack’s house on a folding table as a residential mortgage broker with the simple belief in educating and working hard for its customers to deliver the most value possible. Gelt quickly expanded to one of the largest independently owned mortgage and finance companies in the Philadelphia area. They became mortgage bankers and expanded the products offered to their clients. Ari Miller joined the company in 1993.
In 1989, Gelt purchased a non-performing credit card debt portfolio. This was our first purchase of non-performing assets. Since that time, we have been buyers of non-performing debt and assets from banks and non-banks. We have been buying one deal at a time and portfolios. In February of 2006, Barron’s wrote an article about investing in the distressed-debt sector and mentioned us.