Multi Family

Closing First Mortgage Mixed Use Orange, New Jersey

We are excited to once again step in and help those who banks won’t. In this case it was owners of a mixed-use property in New Jersey which we provided a first  mortgage on. They occupied the first floor for their business and leased out 2 units on the second floor. We paid off very delinquent real estate tax liens, the borrower could not go to a bank because of their credit scores. We are fast and flexible, deal directly [...]

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 [...]

Closing in Jackson, MS Commercial Property

We were excited to close a first mortgage on a value add property in Jackson, MS. This was brought to us by a mortgage broker, the property was partially occupied with long term tenants. It also had a lot of upside which the investor saw. When his bank says No, We said yes and financed this deal. 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 [...]

Philadelphia Closed Mortgage- Investor Rehab

First mortgage closed in Philadelphia on a mixed us property that the owner had purchased and needed to be fixed up. The Investor saw potential value, came to us and we lent her the funds she needs to fix up the property and lease it out. 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 commercial property owners with programs that [...]

Multi Family Mortgage-Freddie Mac Small Balance Closing

Gelt Financial assisted the owner of a 35 unit apartment building in North Huntingdon, PA in arranging a cash out refinance using the Freddie Mac Small Balance Loan program.  The Borrower will be able to use the proceeds for additional investments.  Just as important, the Borrower was able to get an attractive ten year fixed rate. Robert J. Krupka Gelt Financial Corporation (561) 221-0900 ext. 218 RobertKrupka@geltfinancial.com   Gelt offers financing to real estate investors and commercial property owners with programs that include no income [...]

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