Closed: $400K foreclosure bailout for a Retail Building in Battle Creek, MI
Another successful closing by Gelt Financial, your trusted private lender. We just closed on a $400K foreclosure bailout for a retail building in Battle Creek, MI. This well-maintained property, currently serving as a beauty school, includes several offices and a large parking lot.
Our borrower, a professional beautician facing pre-foreclosure, needed a lifeline. With a 600 FICO score, we provided the funds with no appraisal or personal income qualifications required, securing a 67% loan-to-value ratio.
At Gelt Financial, we specialize in flexible, hassle-free financing solutions. When traditional banks say NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers on all types of commercial real estate, including but not limited to multifamily, office, retail, warehouse, industrial, self-storage, and mixed-use.
For more info on how Gelt can help you with an investment property or on any of our other various products and services, look at what President Jack Miller does on Gelt’s YouTube channel, and for more info on our completed deals, check our Deals Done.
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