Closed: $100K Fix and Lease Loan for Two Properties in Baltimore, MD
Just closed! We recently closed a deal that helped a borrower get their properties back on track with some quick funding from Gelt Financial. Thanks to the loan, they were able to manage cash flow, make necessary property improvements, and ultimately increase the value of their properties.
This was a low-leverage, collateral-based Fix and Lease loan, set up as a blanket mortgage on two residential properties. It was a great fit for the borrower, allowing them to make improvements that would drive up property value while keeping the financing manageable.
The loan amount was $100K, with an LTV of around 30% of the After-Repair Value (ARV). The structure was set as a blanket mortgage, covering both residential properties, with a 12-month interest-only term. This flexible structure gave the borrower the time and capital they needed to make things happen.
If you’re looking for fast, flexible capital to fund your next investment property, we’re here to help. 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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