Blanket Mortgage closed on 3 retail properties in foreclosure

19 Aug

Blanket Mortgage closed on 3 retail properties in foreclosure

By Business, Commercial and Investment Real Estate, Forclosure, Mortgage , 0 Comments

Gelt Financial, LLC recently closed a blanket mortgage on three retail properties in foreclosure, thought a series of bank mergers the latest bank put this paying loan in default after first cutting off their line of credit. Almost putting this family owned multi location business out of business and caused major problems to them and a lot of sleepless nights. We structured a discount on the existing bank debt and refinanced it into a sable mortgage loan as part of a three property blanket mortgage in Pennsylvania, Delaware, and Maryland.

According to Jack Miller, we see and help more and more small business owners in the exact same situation and we love helping them.

When your bank says No, we say Yes, Gelt offers non-bank financing to real estate investors and commercial property owners with programs that include no income verification loans, No seasoning, Bank Turn downs and credit problems welcomed. contact us online at www.Geltfinancial.com or at 561-221-0900

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Author

Jack founded Gelt Financial in 1989 out of a dream and passion and through hard work, commitment, and boundless energy built it and has been the driving force ever since. Along the way has started many other companies including starting a title, appraisal companies, property management companies, co-founded an equipment leasing company, as well financed and owned a company that invested in tax liens just to name a few. Jack also has become a national expert and investor in commercial real estate.

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