Piggyback Second Commercial Mortgage
Gelt Financial, LLC is pleased to announce and is now offering a second commercial mortgage program on some income producing properties where we are offering a first mortgage of 5% of the value of the property.
According to Jack Miller, President of Gelt. “We recognize that sometimes investors and borrower just need more”, so we are offering more proceeds with this fully amortizing Piggyback second commercial mortgage.
Gelt is always looking to solve the needs of its borrower, real estate investors and business owners and we think this is a great way.
Gelt Financial offers private financing to real estate investors and commercial property owners with programs that include:
- No income verification mortgages
- Bank turndowns and credit problems welcomed
- Bridge Mortgages
- Foreclosure buy out mortgages
- Foreign national programs
- Hard money loans
- Purchase
- Refinance
- Storied Loans
- Bridge Financing
- Debtor in Possession
- Joint Ventures
- Equity/Mezzanine
- Foreclosure/DPO
- Partnership Buyouts
- Subordinated Debt
- Acquisition,
- Judgment Payoffs
- Note Financing
- Recapitalization
- Rehab and Value Added deals
- No Income verification
- Light documentation
- Blanket Loans
- Foreign nationals
- Non-Recourse programs
- Commercial Second Mortgages
- No seasoning programs
- Discount note purchasing financing,
- Joint ventures
- Mezzanine
- Preferred equity and partnership programs
- No minimum credit scores
- 100% Gift Funds
- No look back on previous bankruptcies and foreclosures
When your bank says No, we say Yes!
Contact us at 561-221-0900.
Private Money Lender – Related posts
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the Benzinga article "How Many Months of Bank Statements for a Mortgage Are Needed?" [...]
Quote from mortgage Broker "Thanks for getting right back to me – you are the most responsive lender I deal with" We love working with mortgage brokers.
Gelt Financial arranged to finance 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 [...]
Gelt Financial was recently featured in MSN Money's article, "Should You Buy a House During a Recession?" In this piece, H. Jack Miller, President & CEO of Gelt Financial, [...]
If your bank can't help you, we can. We specialize in mortgages that banks won't do. We use commonsense underwriting and offer flexible terms. Quick approvals and closing. [...]
Top Hard Money Lender In Florida Hard money lenders have hard-won reputations because they don’t have the recognition of a national bank or other large, ubiquitous [...]
So, you want to be a commercial mortgage broker. Well, here are the skills that I think you need to become one. Let me know if these apply to you [...]
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 [...]
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 [...]
ANOTHER DEAL DONE IN FLORIDA! Gelt Financial just closed a $100K Distressed Debt Purchase on a single-family investment property in Fort Lauderdale.Gelt Financial purchases distressed debt, nonperforming loans, and sub-performing [...]
Gelt Financial just closed a $150K low-leverage cash out refinance on a renovated condo unit in Naples, Florida. The borrower inherited the unit, completed improvements, and is preparing to [...]
Gelt Financial has announced a new lending program within the multifamily space and is now offering bridge loans up to $5,000,000 on properties with up to 200 units. The company [...]
NEW PROGRAM Commercial and real estate investor mortgages from 100k and up. 30-year terms, no balloons. All credit considered, No income verification, foreign nations, Loans to LLC, credit problem ok. [...]
NO Credit Checks For Residential-Investment Properties & Small-Balance Commercial Bridge Loans At Gelt Financial, we understand that traditional credit checks can sometimes limit your real estate investment opportunities. [...]
Are you wondering about what your options are for commercial mortgages? The good news is that you aren’t limited—you’ll come to discover the terminology of hard [...]
Today, I'm going to be listing for you my top 11 reasons for why you should be in the mortgage business. Whether you're a mortgage broker or a mortgage banker, [...]
Cash-out Refinance, No Income verification, Out of country borrower, partial recourse, Property had city violations on it that need to be corrected. They tried their bank and when their bank [...]
Gelt Financial, a direct non-bank commercial real estate Lender and Investor announced that it is relocating from Delray Beach, Florida to Boca Raton, Florida. Beginning August 19, 2022 Gelt [...]
Gelt Financial is excited to announce we just closed on a $225k first mortgage on a condo in Miami, FL. Talk about a breathtaking property! Discover more closed commercial [...]
If you own a commercial or investment property and want to borrow less than $150,000.00, you have limited choices. Most go to costly merchant cash advance loans that charge 60% [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the feature "13 Best Ways How To Find Foreclosures to Get a List of [...]
Just closed! We recently closed a deal that helped a borrower get their properties back on track with some quick funding from Gelt Financial. Thanks to the loan, they [...]
Closed Loan, Philadelphia the home of the Super Bowl Champion Eagles, vacant Mixed-use property, the buyer was purchasing to fix up and rent out. When your bank says No, we [...]
When it comes to saving money through real estate, leverage is an important aspect. We have worked with a number of real estate investors who fix or flip residential non-owned [...]
Marcy and Jack talk a little bit about the increasing interest rate environment and what it means for commercial mortgage brokers and borrowers, and how to take advantage of it. "Marcy: [...]
Marcy and Jack talk about a successful outcome on a loan, they paid us off. A borrower comes to us for a specific need that they have, then they refinance or [...]
Gelt Financial provided a Condominium association with the financing they needed, after being turned down by banks for capital improvements in order to comply with the new laws in Florida. [...]
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 [...]
We just provided with a experienced investors 4.3 Million bridge Mortgage on 3 credit tenant deals as part of a 1031 Transaction. This borrower will refinance with a bank, but a [...]
Super Rush Closing to save the day. "Jack: Okay, Michael Kelman, tell everyone exactly what happened. Don't spare anything in the last 10 minutes. Michael: We have a broker who has [...]
Gelt Financial closes a refinance on a new construction investment property in Texas. "Jack: This is Jack, this is Marcy at Gelt Financial. We just closed the loan in Manville, Texas, [...]
Jack and Marcy share some real-life tips for commercial Mortgage Brokers: "Jack: Okay, we're starting; we're improvising here. Marcy: Yes, because we have had mechanical problems this morning. Jack: I'm embarrassed [...]
Gelt Financial provides first mortgage financing on an owner occupied business under our no income verification program. No appraisal, no credit and no income verification. "Jack: Hello, this is Jack and [...]
Markets are always changing and moving in order to survive Mortgage brokers need to pivot to what they can close and make money with. Condominium Association loans is an excellent way [...]
Meet one of our stars Marcy Berger who works with mortgage brokers in closing their commercial mortgages at Gelt Financial, LLC. Its hard to describe her job functions. Because she and [...]
Michael Kelman goes into detail and lays out the business purposes and commerical mortgage that are in the stick zone of Gelt Financial and how we can get create to meet [...]
A small taste of what Marcy Berger does every day at Gelt Financial. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we [...]
Gelt Financial loves small commercial and mortgages. When a bank can't do it we are a great alternative. Do you need private funding for a commercial or investment property? Give us [...]
Jack Miller goes over how his company Gelt Financial has been helping commercial real estate and investment borrowers since 1989 with no income verification mortgage loans and no doc loans. When your [...]
Jack Miller gives a little background on what a Loan Loss reserve or an Allowance for a loan loss reserve is in lending. "Hi, this is Jack Miller. I want to [...]
Jack Miller goes over why commercial banks will call in or default on a commercial mortgage loan even when the loan holder is on-time with the payments. "Hi, this is Jack [...]
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 [...]
Gelt financial closes a commercial office building in Atlanta Georgia for the owner of a new business in 4 working days after the bank said no at the 23rd hour. "Jack: [...]
Some tips for Mortgage Brokers from Jack Miller at Gelt Financial, LLC on how to be a more successful mortgage broker. Gelt has worked with brokers for over 30 years and is [...]
What does the collapse and FDIC take over of Banks mean to our Borrowers and Mortgage Brokers? How will this effect us and you? "Marcy: Hello. Jack: Hey, we want to [...]
Commercial Mortgage Pawn Shop in Fort Lauderdale, FL "Marcy: Hi, Jack. Jack: Hey, Marcy. To tell people, I should, I say at the end, but I'm going to say at the [...]
Jack Miller and Marcy talk about a Mezzanine loan that just closed on a new state home in the North Shore of Long Island for a real estate investor. Mortgage broker [...]
Gelt Financial loves working with Mortgage Brokers, and a very common question is how they get paid. This very short video answers that question. "Jack: Michael, how do Brokers get paid? [...]