This Is Exactly How Debtor-in-Possession Financing Works

Debtor-in-possession financing, commonly referred to as DIP financing, is a type of financing central to companies in bankruptcy, specifically those who have filed for Chapter 11 bankruptcy protection within the United States. You may have heard the term DIP

By |2019-05-13T14:10:23-04:00May 13th, 2019|0 Comments

Why Non-Bank Commercial Lenders Are in Such Hot Demand

There’s something about non-bank commercial lenders that’s got everyone jumping for joy in the financial world, but what gives—why are these lenders in such hot demand🔥 as opposed to traditional lenders? It seems like new sports facilities, energy projects, entertainment

By |2019-05-06T10:24:00-04:00May 6th, 2019|0 Comments

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

By |2019-03-14T16:05:24-04:00September 3rd, 2018|0 Comments

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

By |2018-05-07T12:57:03-04:00May 7th, 2018|0 Comments