Condominium and Homeowners Associations in distress often cannot turn to their local bank for financing
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 Associations in distress and in bankruptcy.
We have found that sometimes Condominium associations are in distress and need our short-term financing of up to 5 years interest only payments to allow them to get over the challenges they are facing. They need time to Stabilize and then seek traditional bank financing.
We have worked with associations in chapter 11 Bankruptcy that needed financing to exit the Bankruptcy or settle lawsuits, from vendors, neighbors, or previous lenders. When an association needs cash, often it stops doing the routine preventative maintenance and capital improvements to the property, so things can spiral out of control very fast.
Gelt Financial, LLC has been working with business, investors, and condo associations in distress for years, providing the capital they need to solve their problems. We can provide financing and structure it to meet the cash flow needs of our borrowers quickly.
When your bank says No, we say Yes.
For more information contact info@Geltfinancial.com
Private Money Lender – Related posts
Gelt Financial Announces Funding of $3,000,000 Multifamily Bridge Loan Company Debuts in Columbus Ohio, Announces Aggressive Q4 Growth Plans Across the U.S. DELRAY BEACH, FL (Sept. 9, 2020) – Gelt [...]
Gelt Financial has closed a First Mortgage on the purchase of an auto body shop in Winter Haven FL. This was a purchase by and operator, who is following his [...]
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 [...]
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 [...]
The real estate industry has been on the rise for almost a decade now, and it continues to grow thanks to the booming economy. But [...]
Gelt Financial has closed a First Mortgage Refinance on a convenience store in Charleston, SC. The property has been owned by a successful operator and they needed to refinance out [...]
Hotel Mortgage Financing Missouri: Gelt Financial Announces Funding of $800,000.00 Hospitality Bridge Loan in Branson. DELRAY BEACH, FL (Dec. 30, 2020) – Gelt Financial, a leading commercial real estate direct [...]
In the realm of commercial real estate financing, bridge loans serve as invaluable tools for investors looking to seize opportunities quickly, navigate transitions smoothly, or [...]
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 [...]
Private money lenders are the secret weapon among commercial real estate investors and the reason behind the thriving commercial mortgage industry. Bridge loans and bridge mortgages play a critical [...]
Gelt Financial, LLC a non-bank commercial portfolio mortgage lender who caters to commercial real estate owners and investor financing needs is pleased to launch its “Se Habla Español” campaign. According [...]
Gelt Financial recently arranged $9.8 million in commercial first mortgage financing for the real estate holding company of a large substance abuse recovery center. The company acquired three properties in [...]
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 [...]
Here are some examples of some of the deals we have done. While they are all different the common thread is we provided capital to real estate investors and self-employed [...]
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 [...]
You’re in the business of providing permanent financing for all types of residential properties from single-family homes to multi-family properties. You also have solid resources to fund certain types of [...]
An email from a borrower after he paid Gelt Financial off. This is an every day event at Gelt and we are so grateful to our borrowers and love helping them succeed. [...]
How do we dig in and use real life math and market data to determine the market value of a real; estate investment property at Gelt Financial. "Jack: Jack and Michael [...]
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 provides mortgage debt on owner occupied business properties: "Jack: Okay, Marcy. Marcy: Hi! Jack: Yeah, we're here. Oh, remember, I always forget, like this, wherever you're seeing YouTube or [...]
JUST CLOSED! Gelt just closed on a non arms length foreclosure bail out mortgage in a Suburb's of Philadelphia. Pa Hear how it all went down from our expert team! "Jack: Michael [...]
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? [...]
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 [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES. "Jack: So, what— a little interview. Marcy: Sure. Jack: A little [...]
Gelt Financial provided a Professional real estate Investors a first mortgage to payoff their existing debt and fix up a 5 unit property in Lake Worth Florida. "Jack: I love working [...]
In our latest YouTube video, Michael explains what a mortgage broker or borrower should send to Gelt Financial—or any lender—for a deal to be reviewed for approval. When your bank says [...]
Gelt provides foreclosure bailout loans on commercial and investment real estate. "Jack: Hello, this is Jack and Marcy at Gelt Financial. Usually, we try to be bubbly, but this is like [...]
Jack Miller tells a private lender story, about a hard working borrower who owns a restaurant, was struggling with employees, could not get financing and is building the American dream. "Hi, I [...]
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 Financial just closed a note-on-note financing deal for a small commercial real estate loan in New Jersey—in under a week! No appraisal, no environmental reports, and no income verification needed. [...]
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 [...]
Jack Miller discusses financing and buying real estate at auctions. He advises caution, emphasizing the need for thorough planning, due diligence, and having financing in place. He also mentions that auctions can [...]
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 [...]
What is a DSCR? (Debt Service Coverage Ratio). Why use it, and how is it calculated? Jack Miller of Gelt Financial LLC goes into the details and provides step-by-step detail. "Hello, [...]
Mortgage and Real Estate Professional Tip: If you plan on selling or refinancing real estate, make sure your title to the property is clear and cleaned up. Often there are mortgages, liens, [...]
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 [...]
Gelt Closed a first mortgage on a single family investment property. "Jack: Hi, this is Jack, and this is Marcy. We're social distancing at Gelt Financial. I hope everyone is having [...]
Some commonsense mortgage broker tips. Remember, when your bank says NO, we say YES! "Marcy: Hi, it's Marcy, and Jack from Gelt Financial. Jack: So our tip of the day for [...]
Gelt Financial provided a purchase mortgage first mortgage on Mixed Use Property in Brooklyn New York. No income qualification When your bank says No, we say Yes. "Marcy: Hi, all right. [...]
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, [...]