Real Estate

We love it when it all works out well. Happy Borrower, Happy Gelt.

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 looked at it quickly and issued an approval. It took about 6 months for the bank to agree but they agreed to take less then was owed and we closed the loan. The borrower could not go to [...]

Cash out refinance on Free standing Restaurant suburbs of Pittsburgh

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 say no.   Our financing gave him the valuable liquidity he needed 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 [...]

Closed Loan on vacant single family investment property

Closed Loan, Gelt was able to assist this borrower obtain financing for her vacant Single-Family investment property in upstate NY. The property has been vacant for some while and with minimal documentation we were able to refinance her property with a no income verification program. She is going to use the cash out to improve the property and get it on the market for lease. When your Bank Says No We say yes  

Closed Loan cash out refinance on his mixed use building in Philadelphia PA

Closed loan- We were able to help this borrower obtain a cash out refinance on his mixed use building in Philadelphia PA. The borrower was able to pay off his higher interest 1st mortgage which was ballooning in a few months, and have working capital for his family owned business which also occupies one of the units in the building. When your bank says No, We say yes 561-221-0900 or www.GeltFinancial.com  

An email we just received from a mortgage broker.. We love working with mortgage brokers and have some so for 30 years.

An email we just received from a mortgage broker.. We love working with mortgage brokers and have some so for 30 years. Dear Jack and Marcy, All too often it is easy to make phone calls to press for requests when everyone’s “hair is on fire” and then the loan closes and it’s off to the next file without Thanking the team who made it all possible. I want to sincerely Thank You all for the great work in making the transaction so smooth and [...]

Mortgage Brokers Submitting a Deal to a Wholesale Lender

Whether you’re a one or two person shop or a large, correspondent lender that lends across the state or across the country, you know there are times when you get a deal in house that makes sense but just doesn’t quite fit the profile your loan programs need. Perhaps it’s an old client that found a small office building that needs some work. The building does need some repairs before it can be leased out and it’s in an [...]

Who is your lender, is as important as what deal you get… Since 1989.

Who is your lender, is as important as what deal you get... Since 1989. In the past week some examples of how we work with our borrowers. 1. One of our borrowers needed an Extension on their loan. Done. 2. One needed us to increase their existing loan done. Done 3. One needed their due date changed. Done... Relationships matter, we are here for our borrowers. When your bank says No, We says yes. Gelt Financial, LLC

NEW PROGRAM Commercial and real estate investor mortgages

NEW PROGRAM Commercial and real estate investor mortgages from 100k and up. 30 year terms, no balloons. All credit considered, No income verification, foreign nations, Loans to LLC, credit problem ok. fast approvals and closings. Interest rates start at 8%.When your bank says No, We say Yes. Call today 561-221-0900 or visit us at www.Geltfinancial.com     rate

Closed 9.8 Million mortgage on large substance abuse recovery centers

Gelt Financial recently arranged $9.8 million in commercial first mortgage financing for the real estate holding company of a large substance abuse recovery center.  The company acquired three properties in Palm Beach and  Broward Counties from which it had operated and turned to Gelt to find a bank that had knowledge about the industry.  With the new relationship, the company will be able to meet future growth goals by controlling its own real estate. Bob Krupka at Gelt Financial, [...]

Closed residential investment property listed for sale

We closed a first mortgage for an experienced fix and flip investor cash out on a newly rehabbed SFR in New Orleans LA. Borrower completed a full rehab on the property and had it listed for sale. Through Gelt the borrower was able to cash out 75% of the appraised value on this vacant property. When your bank says No, we say Yes, Gelt offers non-bank financing to real estate investors and commercial property owners with programs that include no income [...]