Loans

Closed Bridge Mortgage on Multi Family

Closed $3,050,000.00 Bridge financing for a 28 unit apartment in Detroit. The sponsor will use the funds for additional investments as he continues to improve operations. The apartment building represents continued economic growth in the downtown area. When your bank says No, we say Yes, 561-221-0900 or www.Geltfinancial.com  

Bridge Lending: You Need This Tool in Your Toolbox

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 commercial properties. But as it relates to commercial, you understand these properties are underwritten a bit differently than a downtown condominium. Commercial properties are those that generate income for their investors. But there are times when you run across a deal where the investor has gone to a [...]

Closed commercial owner-occupied business condo- No income verification Mortgage

This borrower’s seller financed mortgage came due on his commercial condo space. Gelt Financial, LLC was able to assist the borrower in refinancing his commercial property from which he runs his family owned machine shop business. We assisted the borrower in obtaining a fixed fully amortized loan with no income verification. 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 [...]

Better then Bank Commercial Mortgages without the aggravation new loan programs

Jack Miller of Gelt Financial, LLC announces its “Better then Bank Commercial Mortgages without the aggravation new loan programs” Gelt recognizes that commercial real estate owners and investors are being increasing agitated by the process they have to go thought with traditional banks. Long delays, insane documentation requests and an  underwriting process that defies logic and commonsense. Gelt now offers commercial mortgage products at rates equal to or better than many of bank mortgages, all without the bank stress and [...]

Closed Loan Cash out No Income Verification Refinance on Multi Family Property

Gelt Financial, LLC is pleased to provide financing for an owner of a 6 unit multi-family investment property in Cincinnati, Ohio. This was No income verification cash out refinance with a 30 year amortization. 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.    

Closed Loan: Washington, DC refinance of a Multifamily property

Closed Loan: After being frustrated by other lenders we were pleased to help another real estate investor in Washington DC on the refinancing of his 4 unit multifamily property. We provided him with a cash out refinance, which he wanted to purchase another property. When his Bank said No, we said yes with a fully amortizing mortgage.   Gelt Financial has been providing financing to real estate investors and owners of commercial real estate since 1989. When your bank says No [...]

Cash out refinance , No income Verificaion investment property in Pennsylvania

We are pleased to provide financing for a real estate investor on a cash out refinance  on an investment property in Pennsylvania. The borrower cashed out to pay tax liens as well as pursue additional investments. This was done as a No Income Verification and No Tax Returns deal that closed in less than 30 days. We love helping investors and business owners and supply them with the capital they need when others are saying no, we say yes.

Gelt Financial buys Multi Family Debt in Chapter 11 Bankruptcy

Gelt Financial, LLC is pleased to announce that is has purchased the debt of two Multi Family mortgages that are in Chapter 11 Bankruptcy.  According to Jack Miller, Gelt’s president, “we have been purchasing opportunistic debt since 1990 when our first purchase was a 13 Million portfolio of credit card debt from the Resolution Trust Corporation, along the way we have purchased portfolios of consumer discount paper, tax liens, and many commercial mortgages”. In 2006 Barron’s wrote a piece [...]

Cash out No Income Verification Mortgage on Investment Property

Gelt Financial, LLC is pleased to announce that it has closed another mortgage under its no income verification investment property mortgage program, this was a cash out refinance on an investment property. Under this streamlined program there are no income verification's and no tax returns required. The borrower used the cash from this refinance to puchase another investment propertyand growing his portfolio. The loan had a 30 year term with no ballon. According to Jack Miller, Gelt is financing more and [...]