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.
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