Closed: $250,000 Cash Out Refinance for Fort Myers Beach Retail Condo
$250,000 Cash Out Refinance for Fort Myers Beach Retail Condo
Gelt Financial closed a $250,000 cash-out refinance on a retail condominium in Fort Myers Beach, Florida. The 613-square-foot unit is leased to an operating coffee shop and was owned free and clear before closing.
We structured the loan at a conservative 45% loan-to-value, leaving the borrower with a $308,609 equity cushion. That kind of margin gives both the borrower and Gelt Financial room to breathe, and it's exactly the type of deal we like to fund.
This was a 12-month, interest-only loan built around asset-based underwriting. We didn't require an appraisal, a minimum credit score, or income qualification. We focused on the property's equity and the borrower's exit strategy: selling the property and the business.
Deals like this show what a family-owned, asset-based lender can do when a bank says no. We keep our process honest, with no hidden fees and no unnecessary red tape slowing down a closing. Need fast, flexible financing for a deal? Apply now at GeltFinancial.com or call us at 561-221-0900 today! Gelt Financial is ready to discuss your commercial or investment real estate financing needs.
Private Money Lender – Related posts
Whether you’re a one or two-person shop or a large, correspondent lender that lends across the state or across the country, you know there are times when you get a [...]
We are pleased to provide financing for a real estate investor on a cash-out refinance on an investment property in Pennsylvania. The borrower cashed out to pay tax liens as [...]
Gelt Financial just provided a first mortgage cash-out refinance on a commercial property in Des Moine, Iowa. The property was recently converted from a church to multi-unit commercial. In providing [...]
As prices in several markets dip for the year 2019, a lot of people are reminded about companies going bankrupt. Consumers are not the only ones affected by this - [...]
Just Closed! Gelt Financial just closed a $270K foreclosure bailout in Hampton, Virginia. This was a race against the clock. The borrower was facing foreclosure and needed a solution [...]
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 [...]
Even though mortgage rates are reaching record lows, business owners and self-employed professionals are having difficulties participating in the financial opportunity. Leading news outlets are reporting that it is continuously [...]
Just Closed! Gelt Financial just funded a $315K refinance cash-out for a multi-tenant retail center in Middleton, Wisconsin. This was a property-only qualification loan on a value-add project. The [...]
Just Closed! Gelt Financial just closed a $406K purchase loan for a heavy value add retail center in Cocoa Beach, FL. The loan was secured at 65% LTV for [...]
We were able to assist a borrower with cash-out refinance out on his 3 unit medical office building in Green Bay, WI with limited documentation. The building has 3 units [...]
Gelt Financial just refinanced an operating Gas station and C store in Pleasantville, New Jersey. When the owner of this property found himself on the receiving end of a default [...]
H. Jack Miller joins Ashley and Sara from the Successfully Screwed Podcast and talks about falling, failing and failure and overcoming obstacles. From https://www.successfullyscrewedpodcast.com/ Jack Miller’s story this week on The Successfully [...]
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 PHILADELPHIA, PENNSYLVANIA! Gelt Financial just closed on a $250K First Mortgage on a retail property in Philadelphia, PA. A borrower called up Gelt and needed a [...]
No Income Commercial Mortgage Closed By Gelt Financial Small commercial no income verification purchase mortgage for the owner of a small business, When your bank says No, we say Yes. [...]
Gelt Financial Closes $650K Loan on Jack in the Box Property in Texas — Rush Closing in Just 10 Days
Gelt Financial, LLC, a nationwide private commercial real estate lender, has announced the successful closing of a $650,000 loan secured by a Jack in the Box property in Texas. [...]
We're excited to share our latest successful partnership at Gelt Financial! We recently provided $330K in financing for a Condominium Association in South Florida. This capital will be used [...]
It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit [...]
New York Bridge Loan: Gelt Financial Announces Funding of $1.4MM Manufactured Housing Bridge Loan in New York DELRAY BEACH, FL (Nov. 12, 2020) – Gelt Financial, a leading commercial real [...]
Gelt is pleased to provide a first mortgage rehab mortgage to an investor in Birmingham, Alabama. We have a very long history of providing rehab fix and flip and fix [...]
Just Closed! Gelt helped fund a $175K 12-month interest-only loan for a multi-family property in Brooklyn, New York. We helped the borrower get all cash out from his fully owned 6-unit multi-family property — no mountains of paperwork, just a fast, smooth solution. Looking for fast, all cash-out financing for your investment property? Gelt Financial can make it happen. When your bank says NO, we say YES! [...]
CLOSED! Gelt Financial is excited to announce the closing of a $500,000 loan for a Pheonix, AZ 99-unit Co-Op association to replace all the property's air conditioning units. After [...]
We just provided an experienced investor a cash-out refinance on Free standing Restaurant suburbs of Pittsburgh, established tenant, but the owner had a lot of credit challenges due to other [...]
Gelt Financial, a leader in non-bank commercial real estate financing, today announced that it is relocating from Fort Lauderdale, Florida to Boca Raton, Florida. Beginning January 21th, 2016 Gelt Financial’ [...]
In every market, there is an opportunity; we lay out some ways people are taking advantage of this real estate market using financing. We want to help investors Make money using our [...]
Gelt is excited to provide first mortgage financing for an local real estate investor in Idaho on a single family dwelling. This was done under as a very limited documentation mortgage [...]
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: [...]
Part 2: Do you have what it takes to be a Mortgage Broker- Commercial or Residential? "Hello, this is Jack Miller from Gelt Financial again. I made a video the other [...]
Mortgage Brokers, get in your year end closings, we are ok with Rush closing on Commercial mortgages
Charlotte, NC Residential Investment Property-Vacant, No income Verification or qualification, No seasoning, no appraisal same day approval; and 6 day closing.
We may sometimes refer to people who are struggling with thoughts of suicide as 'selfish.' In today's lesson, Leigh Ioffe busts this myth, and explains how we can take a gentler, [...]
Jack and Marcy of Gelt Financial are excited to announce we just closed on a $1.6MM mezzanine loan on a 60k SF office building in Houston, TX. The property was valued [...]
When a borrower ran short of capital to complete the repairs and their current lender would not lend them more money, Gelt step up and approved a second mortgage. "Jack: Hey, [...]
Mortgage Broker just made $25,900 on a Foreclosure Bailout Blanket Loan for 2 Mixed-Use Properties in New Jersey. Property-only qualification with Gelt Financial. No personal income, no credit, no appraisal. Same-day [...]
In the video, Jack discusses JV equity in real estate investment, where partners provide the down payment and others find and manage the property. Gelt Financial offers JV equity to investors [...]
Jack Miller and Marcy talk about a fast closing on a mixed use property in New Jersey that a residential mortgage broker brought to us when no one else could close [...]
Gelt Financial provided a Condominium association with the financing they needed, after being turned down by banks for capital improvements in order to comply with the new laws in Florida. [...]
Gelt Financial provides mortgage debt on owner occupied business properties: "Jack: Okay, Marcy. Marcy: Hi! Jack: Yeah, we're here. Oh, remember, I always forget, like this, wherever you're seeing YouTube or [...]
Networking is a great source of business for mortgage brokers, Jack and Marcy at Gelt talk a little about it. "Jack: Okay, Marcy. So, like our YouTube channel or wherever you're [...]
Marcy and Jack talk about the eviction moratorium, non paying tenants and borrowing money in today's times. "Jack: Okay, we're live, Marcy. Marcy: All right, we're live. Jack: So let's continue [...]
Gelt Financial provides first mortgage financing on an owner occupied business under our no income verification program. No appraisal, no credit and no income verification. "Jack: Hello, this is Jack and [...]
Marcy and Jack talk about a new closing on a day care center in Georgia. "Jack: I think we're on. Hello, this is Jack Miller, and this is Marcy Berger. How's [...]
Jack Miller gives his opinion on if its wise to pay down a home mortgages faster then the term calls for? Its all comes down to the person you are. "Hi, [...]
Jack Miller and Marcy talk about Gelt Financial providing an existing borrower a $300,000.00 when they needed more money, The property was in Brooklyn, New York and was a mixed use [...]
We want to make the closing process as smooth as possible for you and get you to closing when you want to. Here are some tips on ensuring a smooth process."Jack: Hi, [...]
Jack Miller closed another commercial mortgage, this time for a car wash. Gelt has been helping commercial real estate and investment borrowers since 1989. "Jack: This is Jack. Marcy: This is Marcy. [...]
Gelt Financial does the processing for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES!
In the video, Jack explains the secondary mortgage market, where loans are bought and sold as assets. He discusses how loans, including mortgages, can be sold by originators and owners in [...]