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.
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, 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 [...]
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 [...]
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 [...]
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 [...]
Gelt Financial is pleased to have H. Jack Miller take part in the Crittenden National Real Estate Conference in Miami, FL on September 22 and 23rd, 2016. Jack is very excited be part of the conference and meet old friends, make new ones and speak about things that he deals with day in and day out. Some of the topics that will be covered will be utilizing bridge financing for not only distressed assets but for non-distressed assets as well, [...]
We are pleased to have secured asset based financing for a telecommunications and IT company in Chapter 11 Bankruptcy providing them with an accounts receivable line of credit. Prior to contacting us the company was languishing in the bankruptcy process, when the hardworking owner called he was frustrated and at the end of his rope. Our financing allowed for a deal to be done with their current lender and a plan for reorganization being filed. We were thrilled to [...]
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 [...]
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