Closed: $670K Refinance for Cannabis Dispensary
Just Closed in Willingboro, NJ! Gelt Financial just funded a $670K refinance for a unique project—a former bank being converted into a cannabis dispensary.
Traditional banks wouldn’t touch the deal because of the cannabis use, but we saw the strength in both the borrower and the location. With 100% of rehab funds in holdback and no appraisal required, we got it done at 61% LTV.
This borrower has excellent credit and a clear vision, and now they’ve got the funding to bring it to life. When your bank says 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.
Private Money Lender – Related posts
When a company is going bankrupt, there are things they can sell other than its assets. For one, they can also sell their debt. What is Distressed Debt? Distressed debt [...]
We were very pleased and excited to provide first mortgage purchase money financing to a hard working businessman who managed the business and got the opportunity to purchase it, using [...]
Gelt Financial, LLC is pleased to provide financing for an owner of a 6 unit multi-family investment property in Cincinnati, Ohio. This was No income verification cash-out refinance with a [...]
Are you wondering about what your options are for commercial mortgages? The good news is that you aren’t limited—you’ll come to discover the terminology of hard [...]
Georgia Retail First Mortgage: Gelt Financial LLC has provided a First Mortgage loan on a 15,000 SF retail strip center in Augusta, GA. Gelt is flexible with how we structure [...]
JUST CLOSED IN SEVEN BUSINESS DAYS! Gelt Financial just closed a $750K First Mortgage on a retail building in Fort Lauderdale, FL. This loan needed to close FAST, and we [...]
Gelt Financial buying distressed debt on commercial real estate between the loan sizes of $100,000 and $5MM Are you a lender looking to sell your distressed commercial real estate debt? [...]
What is it and when should an investor use it to their advantage? The Blanket Loan is a single loan that is collateralized by multiple individual properties. This is [...]
We love closing loans and helping small business owners and investors in commercial real estate: Closed cash-out refinance of Fix and Hold Single-family rental property in New Jersey. Borrower purchased [...]
Gelt is pleased to provide first mortgage financing to an investor who purchased a 140-room hotel in Branson, At the time the investor purchased the hotel, it was closed and [...]
Rehab Fix and Hold Gelt is pleased to have closed a mortgage to a local real estate investors in Haverstraw, Part of Rockland County, New York. We provided the investor [...]
ANOTHER DEAL DONE IN FLORIDA! Gelt Financial just closed a $60K First Mortgage on an investment condo in Fort Lauderdale, FL. Click here to view more closed Fort Lauderdale hard [...]
JUST CLOSED IN NEW YORK CITY, NEW YORK! Gelt Financial is proud to announce we just closed a $500K second mortgage on a 40+ unit apartment building in New [...]
JUST CLOSED IN ATLANTA, GEORGIA! Gelt Financial is excited to announce we just closed a First Mortgage on a gas station in Atlanta, GA. Our repeat borrower is a [...]
Gelt Financial, was pleased to provide 100% of the financing to a new investor who found a great deal on a single-family property in Coral Gables, Florida, in need of [...]
Gelt Financial was pleased to provide an investor group with first mortgage financing on a value-add retail center in Chicago that the buyers were the successful bidder through a national [...]
Here Are A Few Likes and Dislikes For Mortgage Brokers Dislikes Sorry we do not lend on land or development deals (it's not that we dislike these it's we don’t [...]
Mezzanine financing is a type of capital that is used to finance a variety of different types of commercial real estate projects. Unlike traditional loans, which are secured by [...]
We are pleased to be able to sponsor some of the marketing behind “Synagogue Security Tool Kit” put out by Herut North American Zionist Organization. “We are each other’s brothers/sister’s [...]
JUST CLOSED! Gelt Financial just funded a $130K Note-on-Note financing deal for a warehouse in Oakhurst, NJ . The borrower already held the 1st mortgage, making it the perfect [...]
Gelt Financial has closed a First Mortgage Refinance on a convenience store in Charleston, SC. The property has been owned by a successful operator and they needed to refinance out [...]
Gelt Financial, LLC just closed a commercial mortgage with a 30-year amortization. This borrower was unable to obtain traditional bank financing because of a personal IRS tax lien, With the [...]
Gelt Financial is excited to announce we just closed a $400K First Mortgage on two single family investment homes in Orlando, FL. If you need a hard money loan [...]
We are pleased to have secured asset-based financing for a telecommunications and IT company in Chapter 11 Bankruptcy providing them with an accounts receivable line of credit. Prior to contacting [...]
Gelt Financial closes a refinance on a new construction investment property in Texas. "Jack: This is Jack, this is Marcy at Gelt Financial. We just closed the loan in Manville, Texas, [...]
Educational video on what's a draw schedule, how do they work, why a lender does it and how it protects the borrower on rehab or construction lending. "Marcy: Hello. Jack: Anyway, [...]
Michael Kelman goes into detail and lays out the business purposes and commerical mortgage that are in the stick zone of Gelt Financial and how we can get create to meet [...]
Jack and Marcy talk about what is a re trade in commercial and investment real estate? Why and when does this happen? What does it mean to you? "Marcy: Hi, we're [...]
Gelt closed another deal in 5 working deals, a rehab in Miami, collateral based no appraisal. "Jack: Hey, Marcy Berger, how are you? We're making a YouTube. We haven't made one [...]
Markets and the needs of borrowers are always changing, in order for a mortgage broker to survive and serve the needs of borrowers, they need to pivot. Foreclosure bailout loans and [...]
Washington DC, Investment real estate 2 unit 1st Mortgage Bridge Loan cash out refi, No income verification foreclosure bail out. Fast approval and Closing. When your bank says No, we say [...]
Jack talks about the difference between an Exclusive versus Non-Exclusive Fee Agreement for Mortgage Brokers. "Hello, this is Jack Miller at Gelt Financial. Hope you're having a fantastic day. I want [...]
Gelt Financial, LLC focuses on DIP Lending, also known as Debtor-in-Possession Financing and exit financing for Chapter 11 bankruptcy cases. Jack Miller gives a little history and overview of DIP financing [...]
Jack Miller and Marcy Berger talk about Residential Mortgage Originators and brokers getting into commercial Mortgages. How hard or easy is it? What are the differences? What do you need to know? [...]
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. Gelt has been helping commercial real estate and investment borrowers since 1989. When [...]
We are here to help our borrowers through the financing process. When one of them was short $150,000.00 on a mixed-use property, we lent them the additional money. One of the many [...]
Small Business Owner Occupied First Mortgage, provided by Gelt Financial. "Marcy: Hey Jack. Jack: Okay Marcy, so anyway, owner-occupied business, tell everyone about it. You know the details of this? Marcy: [...]
In this video, Jack discusses a closed deal in Chesapeake, Virginia. Wherein $220,000 is provided, first mortgage on a mixed-use property to a real estate investor with poor credit. The borrower [...]
Gelt Financial closes a cash out, mixed use, no income verification mortgage in Indianapolis, IN. "Marcy: Hi. Jack: Hi, this is Jack and Marcy at Gelt. Marcy: How are you? Jack: [...]
Real estate investors can make a lot of money with fix-and-flip rehab investing, but they also can lose a lot of money. Jack and Marcy talk about their experience of doing [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]
Gelt Financial provides business purpose, investment and commercial mortgages to trusts. Behind the scenes with Jack Miller and Marcy Berger at Gelt Financials.
Gelt Financial provided a purchase mortgage first mortgage to a family business who is expending to Florida, when they wanted to purchase commercial real estate for their Business to operate in. [...]
What is a DSCR? (Debt Service Coverage Ratio). Why use it, and how is it calculated? Jack Miller of Gelt Financial LLC goes into the details and provides step-by-step detail. "Hello, [...]
Gelt financial closes a commercial office building in Atlanta Georgia for the owner of a new business in 4 working days after the bank said no at the 23rd hour. "Jack: [...]
Jack Miller and Marcy talk about a Mezzanine loan that just closed on a new state home in the North Shore of Long Island for a real estate investor. Mortgage broker [...]
Gelt Financial just closed a commercial office bridge loan in Orlando, Florida in 4-5 working days, When Gparancy contacted us and told us this was a super rush deal, we did it. [...]
Marcy and Jack at Gelt Financial, LLC, nonbank commercial portfolio lenders, talk about the best way for a mortgage broker to submit and close a deal. Gelt offers financing to real estate [...]