Closed: First Mortgage on Retail – Chicago, IL
Chicago Retail Mortgage Loan: Gelt Financial has provided a First Mortgage loan on a 15,000 SF former Aldi Supermarket in Chicago, IL
This loan was brought to Gelt by a mortgage broker who needed a two week closing. The borrower is rapidly growing his business and was in need of a quick, capital provider due to problems with their original lender. Gelt’s loan will provide acquisition financing as well as renovation dollars to bridge the borrower to an SBA loan.
Gelt is flexible with how we structure deals and that gives us a real edge in providing capital. As part of its robust national growth strategy, Gelt Financial plans to continue to lend and provide capital to business and real estate investors when banks are not.
To learn more about Gelt Financial’s lending capabilities and the advantages it offers to commercial real estate owners and investors across the U.S., please visit www.Geltfinancial.com.
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers on all types of commercial real estate, including but not limited to multifamily, office, retail, warehouse, industrial, self-storage, and mixed-use.
For more info on how Gelt can fight for you as a client to get your deal closed in the best way possible, take a look at what President Jack Miller on Gelt’s YouTube channel and for more info on our completed deals, check our Deals Done.
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