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
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
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
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 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
We are loving #Nashville, TN, we just closed an $801,000.00 loan on a retail strip center at 100% loan to cost for an experienced real estate investor. We are fast and flexible, deal directly with the decision-makers. When your bank says
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
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
This borrower’s seller-financed mortgage came due to 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
Jack Miller of Gelt Financial, LLC announces its “Better than Bank Commercial Mortgages without the aggravation new loan programs” Gelt recognizes that commercial real estate owners and investors are increasingly agitated by the process they have to go thought with
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
