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

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 says No, we say Yes, 561-221-0900 or  

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

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

By |2018-03-18T17:47:01-04:00March 18th, 2018|0 Comments

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

By |2018-02-20T11:22:49-04:00February 20th, 2018|0 Comments

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

By |2018-02-07T13:33:45-04:00January 3rd, 2018|0 Comments