Loans

Blanket Mortgage Closed in South Carolina No Income Verification

Gelt closed a first mortgage for an investor with the purchase of 6 condominiums all located in the same community. Instead of buying each unit individually we were able to help this borrower with a no income verification blanket loan on all 6 properties. With a 25% down payment he was able to add these South Carolina properties to his portfolio. We are fast and flexible, deal directly with the decision makers, when your bank says No, We say Yes. 561-221-0900 or www.Geltfinancial.com    Gelt [...]

We love it when it all works out well. Happy Borrower, Happy Gelt.

About 18 months ago we received a referral from a workout attorney, he had a client who owned a multi-location small business. Their current lender a local bank had put them in default and they stopped accepting payments from them. We looked at it quickly and issued an approval. It took about 6 months for the bank to agree but they agreed to take less then was owed and we closed the loan. The borrower could not go to [...]

Cash out refinance on Free standing Restaurant suburbs of Pittsburgh

We just provided an experienced investor a cash out refinance on Free standing Restaurant suburbs of Pittsburgh, established tenant, but the owner  had a lot of credit challenges due to other matters in his life. Causing banks and other lenders so say no.   Our financing gave him the valuable liquidity he needed We are fast and flexible, deal directly with the decision makers, when your bank says No, We say Yes. 561-221-0900 or www.Geltfinancial.com    Gelt offers financing to real estate investors and [...]

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 [...]