Closed $274,000 First Mortgage Purchase in Suffolk, Virginia
Virginia First Mortgage Purchase: Gelt Financial Announces Funding of $273,000.00 office Building in Virginia
Gelt Financial, a leading commercial real estate direct lender, today announced the closing of a $273,000.00 first mortgage on an office building in Suffolk, Virginia. This was brought to Gelt by a mortgage broker who needed a two week closing, which Gelt was able to do. Gelt provided a purchase money mortgage on this office building, with a term of two years.
“Gelt Financial is strategically deploying capital for transactions in the $100K-$5MM range, a market that is increasingly being overlooked during the pandemic,” said Jack Miller, of Gelt Financial. “this was purchased by the owner of a small business to use for their office space. We believe in this business and will continue to be at the forefront of lending in the space.”
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender, which has closed more than 10,000 loans totaling over $1 billion, since its founding in 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.
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 contact us at 561-221-0900.
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
Gelt Financial, was pleased to provide 100% of the financing to a new investor who found a great deal on a single-family property in Coral Gables, Florida, in need of [...]
We are pleased to provide financing to a condominium Association that was in Chapter 11 Bankruptcy, in the Atlanta, GA area. The funding we provided them allowed them to exit [...]
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 [...]
Whether you’re a one or two-person shop or a large, correspondent lender that lends across the state or across the country, you know there are times when you get a [...]
JUST CLOSED IN BROOKLYN, NEW YORK! Gelt Financial is proud to announce we just closed a $450K First Mortgage on a mixed-use property in Brooklyn, NY. The building was [...]
CLOSED! Gelt Financial is excited to announce the closing of a $500,000 loan for a Pheonix, AZ 99-unit Co-Op association to replace all the property's air conditioning units. After [...]
JUST CLOSED IN TOLEDO, OHIO! Gelt Financial is excited to announce the closing of a $1.7MM First Mortgage in Toledo, OH. This stunning 80k square-foot office/retail building was highly [...]
TRIPLE-NET DEAL CLOSED IN ALABAMA, OHIO, AND TEXAS! Gelt Financial is excited to announce we just closed on a $500K Mezzanine Loan on an NNN Portfolio in Alabama, Ohio, [...]
We provided the financing for hard-working self-employed businesswomen to purchase a used car lot and repair center in Philadelphia, PA, under our No income documentation business owner programs. The loan [...]
Gelt Financial has provided a First Mortgage on a residential investment property in Wildwood, NJ. The property was a townhome, one block from the beach and Gelt was able to [...]
JUST CLOSED IN ATLANTA, GEORGIA! Gelt Financial is excited to announce we just closed a First Mortgage on a gas station in Atlanta, GA. Our repeat borrower is a [...]
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 [...]
JUST CLOSED IN BOCA RATON, FLORIDA! Gelt Financial just closed on a $250K Second Mortgage in Boca Raton, FL. Using DIP financing, also known as Debtor In Possession Financing, [...]
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 [...]
Rehab Fix and Hold Gelt is pleased to have closed a mortgage to a local real estate investors in Haverstraw, Part of Rockland County, New York. We provided the investor [...]
JUST CLOSED! Gelt Financial just closed a $250K cash-out refi for a Funeral Home in Aurora, IL. No appraisal or personal income qualification was required for this leased investment [...]
We are happy to close a commercial mortgage loan for an experienced real estate investor in Pittsburgh, Pa on a blanket mortgage of 3 properties, 2 retail centers and 1 [...]
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 [...]
Jack Miller of Gelt Financial, LLC and QuickLiquidity, LLC will participate in the panel title Bridge Lending What’s the New Normal at 12:30PM EST on Tuesday October 6, 2020. The [...]
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 is thrilled to announce that we have successfully closed a $273K loan for a commercial retail property in Albuquerque, NM. We partnered with a mortgage broker to [...]
Cash Out Refinancing Gelt Financial, LLC was pleased to provide first mortgage cash-out financing for this owner-occupied restaurant in Grand Rapids, Michigan. A mortgage broker brought us this deal. It's [...]
Condominium and Homeowners Associations in distress often cannot turn to their local bank for financing, at Gelt Financial, LLC we have been a provider of financing to Condominium and Homeowners [...]
Gelt Financial is excited to announce a new partnership to purchase investment real estate in South Florida. To date, this partnership has purchased 8 single family homes in Palm [...]
Gelt closed another Mezzanine loan on 3 properties in 3 states with 3 tenants. this was a Collateral based loan. "Jack: I personally, I'm super excited. We just closed a mezzanine [...]
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. Gelt has been helping commercial real estate and investment borrowers since 1989. When [...]
Jack Miller and Marcy Berger talk about Residential Mortgage Originators and brokers getting into commercial Mortgages. How hard or easy is it? What are the differences? What do you need to know? [...]
Gelt Financial focuses on Small Balance- Business Purpose, Investment and Commercial Private Mortgages. We love loans under 1 Million. Private Lending without any red tape and log delays of banks. Gelt [...]
Gelt Financial does the processing for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES!
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 [...]
Gelt is excited to provide first mortgage financing for an owner of a business who purchased a home for his employee's to live in. The buyer owned several restaurant business with [...]
Gelt is excited to provide first mortgage financing for an owner of a day care center in Chicago. He is an experienced operator and this is a new business for him. [...]
Jack Miller gives some tips for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Hey, hope you're [...]
Listen and uplift people. Commercial Mortgage Broker Tip of the Day and Advice for Commercial Mortgage Brokers. "Jack: Marcy and Jack, so we want to make our mortgage broker tip of [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]
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 and Marcy of Gelt Financial are back with another success story. We helped a client in Vineland, New Jersey with a joint venture equity loan and provided 100% of the [...]
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 [...]
In the video, Jack explains the secondary mortgage market, where loans are bought and sold as assets. He discusses how loans, including mortgages, can be sold by originators and owners in [...]
Gelt just provided the financing and funding on 3 single family investment properties in Florida all purchased at an auction. "Jack: Hey, this is Marcy and Jack at Gelt Financial. Hopefully, [...]
In the video, Jack explains the concept of a blanket or cross-collateralization mortgage. It involves combining multiple properties into one mortgage, allowing borrowers to tap into equity in one property 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 [...]
Gelt Financial closes a rehab mortgage to finish a property in Birmingham, Alabama. "Jack: Hello, this is Jack and Marcy at Gelt. Anyway, okay, new closing property in Birmingham, Alabama. Tell [...]
In the video, Jack discusses JV equity in real estate investment, where partners provide the down payment and others find and manage the property. Gelt Financial offers JV equity to investors [...]
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... [...]
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. We Finance Cannabis Retail locations, contact us to learn more. [...]
Closed First Mortgage on a Restaurant Bar in Philadelphia. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: Hey, [...]
Term sheet signed Black Friday, deal ready to close Wednesday. Broker contacted us when bank did not close and needed a very quick close. We did it! "Jack: Hi, Jack and [...]