Closed: $500K Commercial Property in Columbia, South Carolina
Gelt Financial just closed a $500,000 note-on-note financing deal for a commercial property in Columbia, South Carolina — and we got it done in just two business days.
With an underlying mortgage balance of approximately $1.54 million, this deal came in at just 32% leverage, creating an exceptionally strong collateral position for Gelt. Structured as an 18-month first mortgage note-on-note loan, the financing provided the borrower with a fast and flexible solution backed by a first mortgage position in one of South Carolina’s fastest-growing commercial markets.
When speed, structure, and execution matter, Gelt Financial delivers. Contact us today — 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.
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