Financing for 19-Unit Condominium Association in Seattle, WA
Gelt Financial, LLC provided self-amortizing financing for a 19-unit, self managed condominium association. The association will be using the financing to make capital improvements.
Most banks would not extend financing to the association because of the size and the fact that it was self managed. This opportunity was brought to Gelt Financial by a broker and Gelt was able to approve the request on the same day it was brought to them and closed just a few weeks later.
“Gelt is flexible with how we structure deals and that gives us a real edge in providing capital. As part of our robust national growth strategy, we will continue to lend and provide capital to business, real estate investors and condominium and HOA Associations when banks are not” said Jack Miller, founder of Gelt Financial.
To learn more about Gelt Financial’s lending capabilities and the advantages it offers to commercial real estate owners and investors across the U.S., please visit www.Geltfinancial.com.
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.
Private Money Lender – Related posts
Just Closed! We just funded a $240K cash-out refinance for two single-family homes in Marmora and Westville, New Jersey! This deal was a blanket mortgage with a 43% LTV — a solid, low-leverage, collateral-based loan. [...]
Deal done! Gelt Financial just funded a $240K sale leaseback for a single-family home in Port Charlotte, FL. No appraisal. No income verification. Super-fast closing. Flexible documentation. This new [...]
JUST CLOSED IN FORT LAUDERDALE, FLORIDA! Gelt Financial just closed a $600K First Mortgage on a retail building in Fort Lauderdale, FL. The borrower was having trouble finding a [...]
We are pleased to close a no income qualification refinance of the first mortgage on this non-owner occupied condominium that the owner has purchased at discounted prices over time. The [...]
DEAL CLOSED IN CHICAGO, ILLINOIS! Gelt Financial just closed on a $900k Bridge-to-Agency Loan in Chicago, IL. This professional investor could not close with traditional financing from Fannie/Freddie due [...]
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 TOLEDO, OHIO! Gelt Financial is excited to announce the closing of a $1.7MM First Mortgage in Toledo, OH. This stunning 80k square-foot office/retail building was highly [...]
Gelt Financial just closed and funded a first mortgage on a 7-unit condo Portfolio in Orlando, Florida. The buyer was a first-time investor who could not obtain financing through a [...]
Gelt Financial is pleased to announce we just closed a $1MM First Mortgage on a Wendy’s fast food restaurant in Johnson City, TN. This borrower reached out to us [...]
JUST CLOSED IN DELAWARE! Gelt Financial, LLC and QuickLiquidity provided $500,000 in bridge financing to a highly experienced developer & investor on a 192-unit multifamily property in Delaware. The [...]
JUST CLOSED! Gelt Financial is pleased to announce we just closed a $65k loan for a single-family investment property in Augusta, Georgia. With our streamlined process, there was no [...]
Miami Preferred Equity MultiFamily: Gelt Financial, a leading commercial real estate lender, announced the closing of a preferred equity investment on a 16-unit Multifamily property in Miami, FL. Gelt [...]
Gelt Financial is pleased to announce the closing of a $800K retail portfolio which included establishments in Connecticut and New York. We are honored to have played a key [...]
Virginia First Mortgage Purchase: Gelt Financial Announces Funding of $273,000.00 office Building in Virginia Gelt Financial, a leading commercial real estate direct lender, today announced the closing of a $273,000.00 [...]
Gelt Financial has just closed a blanket loan on owner-occupied gas stations and C-stores in New Jersey. The current Bank called the loan due and put them in foreclosure and [...]
Gelt Financial has provided a First Mortgage on a Single Family Investment Property in Boise, ID. "Gelt is flexible with how we structure deals and that gives us a real [...]
Gelt Financial just funded a $450,000 refinance loan for a single-family home in beautiful Charleston, SC. The borrower plans to renovate the property and turn it into a rental. With a 64% LTV and no income verification required, this deal highlights the flexibility we bring to real estate investors. Looking for creative financing? We can help. When your bank says NO, we say YES! About Gelt Financial Gelt Financial is a [...]
JUST CLOSED IN FIVE BUSINESS DAYS! Gelt Financial is excited to announce we just closed an $840K First Mortgage on an office building in Orlando, FL. This project was [...]
JUST CLOSED IN DAYTON, OHIO! Gelt Financial just closed a $115K First Mortgage on a retail/office building in Dayton, OH. This small-balance mortgage used Gelt's funding to purchase two [...]
JUST CLOSED! Gelt Financial is excited to announce the closing of a $250k multi-tenant office building in Chesapeake, VA. This private loan was a refinance, owner-occupied buyer, broker deal, [...]
ANOTHER DEAL DONE! Gelt Financial recently closed a $185K First Mortgage in Cleveland, OH, on an owner-occupied warehouse. Gelt does not shy away from complicated financing situations. We work [...]
JUST CLOSED! Congratulations to our client on securing $328,250 for a Sale-Leaseback transaction on a ready-to-rent townhome in Atlanta, GA. The loan was structured at 65% LTV, providing the [...]
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 [...]
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, [...]
Gelt is excited to provide first mortgage financing for an owner of a day care center in Chicago. He is an experienced operator and this is a new business for him. [...]
Marcy Berger of Gelt Financial Message to Mortgage Brokers. Call us at | 561-221-0900. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, [...]
In the video, Jack explains the concept of value add in commercial real estate. Value add refers to purchasing a property and making improvements or changes to increase its value. He [...]
Some tips on how a commercial mortgage broker can earn 400k annually."Video Title: Tips on how a Commercial Mortgage Broker can make 400k annually.Speaker: Jack Miller and Michael KelmanTranscript:Jack: Michael, I want [...]
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 is excited to provide first mortgage financing for an owner of a business who purchased a home for his employee's to live in. The buyer owned several restaurant business with [...]
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, [...]
Gelt Financial provided a Professional real estate Investors a first mortgage to payoff their existing debt and fix up a 5 unit property in Lake Worth Florida. "Jack: I love working [...]
Jack Miller tells a private lender story, about a hard working borrower who owns a restaurant, was struggling with employees, could not get financing and is building the American dream. "Hi, I [...]
Listen and uplift people. Commercial Mortgage Broker Tip of the Day and Advice for Commercial Mortgage Brokers. "Jack: Marcy and Jack, so we want to make our mortgage broker tip of [...]
Everyone has challenges at some point or another in their life; each of our challenges is different, but in today's times, a lot of people are falling behind on their mortgages [...]
Jack Miller gives some tips to commercial mortgage brokers in challenging times.
The video titled "Pro Guide To Commercial Mortgage Rates with Some Key Factors" by Gelt Financial, LLC discusses the factors involved in pricing a loan in the private lending space. It [...]
In Bridge Loans by Gelt Financial | Commercial Bridge Loans - Explained the video discusses bridge financing, which is a short-term loan used for two purposes: to make money, such as [...]
Gelt Financial focuses on Small Balance- Business Purpose, Investment and Commercial Private Mortgages. We love loans under 1 Million. Private Lending without any red tape and log delays of banks. Gelt [...]
In the video, Jack shares valuable tips on the importance of paying attention to the details when investing in real estate. He emphasizes the need for personal involvement in conducting due [...]
Jack Miller and Marcy talk little about how real estate investors and mortgages brokers might want to ask for 100% financing? Its best to be set up for success and sometimes its [...]
Marcy and Jack talked about a bridge Mortgage loan that just closed on a single-tenant Humana Healthcare leased property while doing some social distancing. "Jack: Hello! this is Jack, (*Hi! *) that's [...]
What is a LTV Loan to Value and how do we calculate it? This is not a cut and dry question. "Marcy: Hey Jack Jack: Hey Marcy, let's talk today about [...]
Marcy, Michael and Jack talk about bridge lending on 1031 NNN deals that Gelt Financial Provides. "Jack: Hello, it's Jack Marcy and Michael. Marcy: Hello. Michael: Hello. Jack: So, I wanted to [...]
In the video, Jack explains the difference between recourse and non-recourse loans. Recourse loans involve personal guarantees, making the borrower liable if the property can't cover the debt. Non-recourse loans, on [...]
Jack and Marcy of Gelt Financial are back with another success story. We helped a client in Vineland, New Jersey with a joint venture equity loan and provided 100% of the [...]
Mobile Home Park closes, in Long Island, NY Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: This is [...]
Gelt Closed a first mortgages on 7 residential Investment condo's in Orlando, FL, No appraisal and a cash out on a commercial building in Des Moine, Iowa. Both deals came from [...]