Gelt Financial closed a first mortgage on a mobile home Park in Clio, Michigan. It has 70 units, is not stabilized and we provided financing to clean up, expand and purchase single-wides as an additional real estate investment opportunity.
Rehab Refinance investment property in Baltimore Maryland, several investors owned the property and ran short of capital to fix up the property and complete the job. Gelt Financial, provided them with the funds to complete the rehabilitation project. Gelt has
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 the first mortgage on. They occupied the first floor
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
We were excited to close the 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
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
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.
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
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
Gelt Financial, LLC is pleased to announce that is has purchased the debt of two Multi Family mortgages that are in Chapter 11 Bankruptcy. According to Jack Miller, Gelt’s president, “we have been purchasing opportunistic debt since 1990 when our