Closed: Preferred Equity on Multifamily – Miami, FL
Miami Preferred Equity MultiFamily: Gelt Financial, a leading commercial real estate lender, announced the closing of a preferred equity investment on a 16-unit Multifamily property in Miami, FL.
Gelt was able to provide a preferred equity investment to the property owners to complete property renovations including interior unit renovations as well as property common area upgrades.
Gelt Financial is strategically deploying preferred equity investments and mezzanine financing in the $100K-$2MM range, a market that is increasingly being overlooked as most investors do not want to write smaller checks,” said Noah Miller. “We are targeting the smaller checks that have become extremely hard to find”.
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.
Private Money Lender – Related posts
JUST CLOSED IN NEW YORK CITY, NEW YORK! Gelt Financial is proud to announce we just closed a $500K second mortgage on a 40+ unit apartment building in New [...]
ANOTHER DEAL DONE! Gelt Financial recently closed on a purchase of a non-performing loan collateralized by a medical office building in Tampa, FL. The note was purchased at PAR [...]
Gelt Financial is excited to announce we just closed on a $1.6MM mezzanine loan on a 60k SF office building in Houston, TX. The capital provided by Gelt will [...]
Gelt Financial has successfully closed a $400K purchase loan for a beautiful one-bedroom, one-bathroom condominium unit in Miami, FL. This property, valued at $665K, is primed to become a [...]
Gelt Financial is pleased to announce the closing of a $800K retail portfolio which included establishments in Connecticut and New York. We are honored to have played a key [...]
First mortgage closed in Philadelphia on a mixed us property that the owner had purchased and needed to be fixed up. The Investor saw potential value, came to us and [...]
Gelt Financial just closed a $200K First Mortgage on an owner-occupied retail building in Lubbock, Texas. This borrower reached out to our expert loan originators to close the deal quickly.Gelt [...]
CLOSED! 👊 Gelt Financial just closed on a $100k first mortgage on an office building in Greensboro, NC. To learn more about Gelt Financial’s lending capabilities and its advantages to [...]
Gelt Financial, LLC just closed a commercial mortgage with a 30-year amortization. This borrower was unable to obtain traditional bank financing because of a personal IRS tax lien, With the [...]
We're excited to share our latest successful partnership at Gelt Financial! We recently provided $330K in financing for a Condominium Association in South Florida. This capital will be used [...]
JUST CLOSED IN DOTHAN, ALABAMA! Gelt Financial closed a $600K First Mortgage on a NNN Property in Dothan, AL. A PopShelf, a credit-rated tenant with a corporate guarantee, secured [...]
JUST CLOSED! Congratulations to our client on securing $328,250 for a Sale-Leaseback transaction on a ready-to-rent townhome in Atlanta, GA. The loan was structured at 65% LTV, providing the [...]
As a borrower, you may be curious about your options in securing a loan for your commercial mortgage, to grow your real estate investments, and to fund your projects [...]
Closed $3,050,000.00 Bridge financing for a 28 unit apartment in Detroit. The sponsor will use the funds for additional investments as he continues to improve operations. The apartment building represents [...]
JUST CLOSED! Gelt Financial is excited to announce the closing of a $1,500,000 loan for a Miami, FL Condominium Association with over 160 units. Built in the 1970s, the [...]
Deal Closed! Gelt Financial funded a $122K First Mortgage on an investment home in McAllen, Texas. Texas real estate investors: Skip bank delays & unlock profits! Gelt Financial's private [...]
JUST CLOSED! Gelt Financial is pleased to announce we just closed a $65k loan for a single-family investment property in Augusta, Georgia. With our streamlined process, there was no [...]
DEAL CLOSED IN ATLANTA, GEORGIA IN FOUR BUSINESS DAYS! Gelt Financial closed on a $1.2MM First Mortgage in Atlanta, GA. This office building was in a highly desired location, [...]
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 [...]
JUST CLOSED IN MANHATTAN, NEW YORK! Gelt Financial is proud to announce that we just closed a $200K First Mortgage on a stunning condo on Park Avenue in Manhattan. [...]
H. Jack Miller recently said how proud he was of the entire Gelt Financial, LLC team for their hard work. We are lucky to have a team of very [...]
An experienced investor was able to put under agreement of sale an Industrial building with a large amount of ground at a very good price. The property was lost to [...]
Deal Closed! Gelt Financial helped secure a $60K First Mortgage on an Office Building in the bustling and vibrant city of Kansas City, MO! At Gelt Financial, we take [...]
We are pleased to close a no income qualification refinance of the first mortgage on this non-owner occupied condominium that the owner has purchased at discounted prices over time. The [...]
In some situations, Gelt Financial does not require a credit report on residential investment property financing and small commercial Mortgage Financing. Gelt has been helping commercial real estate and investment borrowers [...]
Another deal closed! Gelt Financial discusses their recent closed loan on a 400k second mortgage in Tampa, FL. No appraisal, 85% debt. Interest only, short term, six month deal. We focused [...]
Gelt Financial closes a refinance on investment condominium in Jersey City, NJ. "Jack: Hello, this is Jack and Marcy again, here to tell you about a loan. A loan we just [...]
Gelt Provided 100% financing of the sales price on an office Building In Illinois. No appraisal, quick close deal. No appraisal, rush deals, bank and other lender turndowns, and much more [...]
In the video, Jack shares an interesting story about closing a 100% loan-to-value deal on land in Ohio. Despite not typically offering land loans, Gelt made an exception due to the [...]
A Mortgage broker emailed us and asked us about marketing to banks for turndowns. Lots of opportunities out there for those willing to work at it. Watch the video to learn [...]
We just provided an experienced real estate investor 100% financing on a new purchase by talking an additional property as collateral, our mortgages were on two single-family properties in two cities, Orlando [...]
In the video, Jack shares a valuable tip for investors: many people and businesses fail because they take on too much and lose focus. He advises caution, emphasizing the importance of [...]
Everyone has challenges at some point or another in their life; each of our challenges is different, but in today's times, a lot of people are falling behind on their mortgages [...]
Jack Miller advises mortgage brokers on everything they should have ready and provide to lenders to get their loans closed FASTER.
Marcy, Michael and Jack talk about bridge lending on 1031 NNN deals that Gelt Financial Provides. "Jack: Hello, it's Jack Marcy and Michael. Marcy: Hello. Michael: Hello. Jack: So, I wanted to [...]
In the video, Jack explains the concept of a co-tenancy clause in a lease, particularly in retail leasing. The clause allows one tenant to terminate or modify their lease if another tenant [...]
Gelt Financial just closed a collateral-only first mortgage on a commercial property in Fort Lauderdale, FL, within 10 days. "Marcy: Hi, this is Marcy and Michael, and we're going to talk [...]
Gelt Financial closes a refinance on 2 auto related properties in Ohio, while the borrower was in Chapter 13. "Marcy: Hi, it's us again. Jack: It's us, this is Jack and [...]
Real estate investors, DON'T depend on anyone else when doing your background or due diligence for your real estate projects. This can backfire on you or cause complications. "Hey, this is [...]
Jack Miller closed another commercial mortgage, this time for a car wash. Gelt has been helping commercial real estate and investment borrowers since 1989. "Jack: This is Jack. Marcy: This is Marcy. [...]
Gelt closes non bank commercial mortgage on an 80,000 sq. ft. office building in Toledo, Ohio, for a highly sophisticated real estate investor: "Marcy: Hi, Jack! Jack: Hey, Marcy. We're live on... [...]
Why use a private lender? When to use a Private lender? "Marcy: Hi! Mortgage tip of the day! Jack: Mortgage tip of the day! Jack and Marcy at Gelt Financial. First, like [...]
Marcy Berger of Gelt Financial Message to Mortgage Brokers. Call us at | 561-221-0900. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, [...]
Gelt Financial can provide financing on inherited properties. We can supply the new owners the capital they need to payoff existing loans, fix the property up, or for other purposes to [...]
Marcy and Jack talk about the eviction moratorium, non paying tenants and borrowing money in today's times. "Jack: Okay, we're live, Marcy. Marcy: All right, we're live. Jack: So let's continue [...]
Jack Miller gives some tips to commercial mortgage brokers in challenging times.
Gelt closed another deal in 5 working deals, a rehab in Miami, collateral based no appraisal. "Jack: Hey, Marcy Berger, how are you? We're making a YouTube. We haven't made one [...]
The video discusses how a small loan payoff of $65,000 made to an ethnic family who owned a bodega in Atlantic City. Despite not making much profit on the deal, Gelt [...]