We offer no income verification mortgages on commercial and residential investment properties, 30 year amortizations with no balloons, loans up to 5 Million.
We are pleased to announce a loan closing on an office building in the suburbs of Philadelphia. Our loan paid off a bridge loan with a 30 year fixed rate loan, with NO balloon. We love helping people
Loan amounts $50,000,00 and above Commercial Properties or Investment Real Estate Commonsense Underwriting- Deal with decision makers Customized terms to meet the borrower’s needs (we can be flexible) Purchase, refinance, storied loans, discount note payoff’s, bankruptcy buy outs, debtor in possession, foreclosure buyouts, rehab and value added deals Interest only with terms up to 3 years Foreign national borrowers, non-Recourse financing, complex transactions Quick approvals and closings Jack Miller 561-221-0900 ext 238 JackMiller@Geltfinancial.com
Gelt Financial, a leader in non-bank commercial real estate financing, today announced that it is relocating from Fort Lauderdale, Florida to Boca Raton, Florida. Beginning January 21th, 2016 Gelt Financial’ s new principal place of business will be 500 NE Spanish River Blvd, Suite #205, Boca Raton, FL 33431. Jack Miller, said “This is an incredibly exciting time for our company as the relocation gives us the additional space required to keep up with the growing demand for non-bank portfolio [...]
Dip Lending, LLC is pleased to announce that it has just closed a commercial real estate loan first mortgage in New Jersey for a real estate investors that was in Chapter 11 Bankruptcy. We were pleased to provide them with the financing they needed to pay off their existing lender and exit Bankruptcy. According to Jack Miller, “When I spoke to the borrowers last evening after closing she could not stop thanking me and told me tonight will be [...]
Are Interest Rates & Loan Terms The Most Important Things To Look For When Choosing a Mortgage Company For a Commercial Real Estate Loan?Jack Miller
It would seem that the interest rate and loan terms are the most thing to look for when choosing what mortgage company to go with, but the question is more complex than that, especially with commercial real estate loans. When comparing one lenders terms with another, you’re not choosing those terms. You’re choosing the promise of the lender to do their best to deliver those terms to you. Things like appraisal, title insurance and final underwriting all come after one [...]
We have just closed another successful bridge loan for another happy client! We just closed bridge loan on an office building in the Suburbs of Cleveland, Ohio. The property was in foreclosure, with a receiver appointed. We represented the ownership and closed the bridge loan. Our client, a highly experienced commercial real estate investor, was working with his local bank. Even though all his payments were current, the bank still put the loan in default for technical reasons. We have represented [...]
Gelt Financial is now making their bridge and opportunity loans available throughout the entire mortgage brokering community. We offer bridge loans up to $20,000,000 in all major MSA’s. We have common sense underwriting and do opportunistic loans where our borrowers make or save money with our capital. We offer recapitalization, discount note purchasing takeout’s as well as foreclosure bailouts. We focus on commercial as well as non-owner occupied residential properties. For more information, contact us
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 [...]
Just closed on a 5 unit mixed use building mortgage in the beautiful Wilmington, Delaware! Loan of $210,000 with 100% cash out, and a stated income loan program at 70% with an 8.75% rate. Closed within the next day. Eager to finance more loans!