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
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 [...]
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! [...]
JUST CLOSED IN QUEENS, NEW YORK! Gelt Financial is excited to announce we closed a $300k First Mortgage on a Single Family Investment Property in Queens, NY. The borrower [...]
JUST CLOSED! Gelt Financial is proud to have assisted a condo association in Hialeah, FL with securing $200K in financing for essential improvements. The 40-unit condo association needed immediate [...]
JUST CLOSED! Gelt Financial just closed a $250K cash-out refi for a Funeral Home in Aurora, IL. No appraisal or personal income qualification was required for this leased investment [...]
Gelt Financial closed a first mortgage on a mobile home Park in Clio, Michigan. It has 70 units, is not stabilized and we provided financing to clean up, expand and [...]
Just Closed! We just closed a $300K refinance for an owner-occupied commercial condominium in Philadelphia, PA—home to a local dance studio. The borrower’s previous loan was in forbearance, but we stepped in and [...]
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 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 [...]
JUST CLOSED IN MIAMI, FLORIDA! Gelt Financial is happy to announce we just closed on a $250,000 Land Loan in Miami, FL. This piece of land is zoned for [...]
DEAL CLOSED IN ATLANTA, GEORGIA IN FOUR BUSINESS DAYS! Gelt Financial closed on a $1.2MM First Mortgage in Atlanta, GA. This office building was in a highly desired location, [...]
Gelt Financial just closed a $250K cash-out refi for a Strip Center in North Tonawanda, NY. The purchase was conveniently located near Niagara Falls and featured a large parking [...]
DEAL CLOSED IN SANTA FE, NEW MEXICO! Gelt Financial is excited to announce we just closed on a $1MM first mortgage on an office building in Santa Fe, NM. [...]
Benefits of using a family owned lender: Using a family-owned lender, also known as a private lender, can provide several benefits for real estate investors. Here are some of the [...]
Introduction: How to Stop Funding Delays from Killing Your Flip This guide is for fix-and-flip investors, also known as borrowers, who want to avoid funding delays that can derail [...]
Jack Miller of Gelt Financial, LLC announces its “Better than Bank Commercial Mortgages without the aggravation new loan programs” Gelt recognizes that commercial real estate owners and investors are increasingly [...]
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 [...]
Jack Miller sits down with Seyla and Aileen Prak from Bonavest Capital for the How Did They Do It? Podcast and talks about how to close deals in less than [...]
TL;DR: What Insurance Do I Need for a Hard Money Loan? • Property insurance (hazard): Covers the physical structure against fire, wind, theft, and damage • Liability coverage: Protects [...]
Just closed! Another win for an experienced investor. Gelt Financial closed a $300K cash out refinance on a single-family home in Charlotte where the borrower needed funds for light [...]
This borrower’s seller-financed mortgage came due to his commercial condo space. Gelt Financial, LLC was able to assist the borrower in refinancing his commercial property from which he runs his [...]
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. [...]
Cash Out Refinancing Gelt Financial, LLC was pleased to provide first mortgage cash-out financing for this owner-occupied restaurant in Grand Rapids, Michigan. A mortgage broker brought us this deal. It's [...]
JUST CLOSED IN BOCA RATON, FLORIDA! Gelt Financial just closed on a $250K Second Mortgage in Boca Raton, FL. Using DIP financing, also known as Debtor In Possession Financing, [...]
Some tips for Mortgage Brokers from Jack Miller at Gelt Financial, LLC on how to be a more successful mortgage broker. Gelt has worked with brokers for over 30 years and is [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Marcy: Hi. Jack: Hello, it's Marcy and Jack from Gelt Financial. [...]
Jack Miller talks about what he leaned by making Toast? How good things take time and effort before you see the results. "Hey, this is Jack Miller. I hope you're having [...]
Jack Miller and Marcy closed a very quick closing in Florida for a real estate investor on a single family investment property."Marcy: Hi Jack.Jack: Hey Marcy, how you doing? Our first video [...]
Just closed! Gelt Financial successfully secured a private loan for an auto body shop, a new commercial mortgage deal. No appraisal or income verification required. Watch the video to hear how [...]
Gelt Financial just closed a fast and easy mortgage for a cannabis retail property in New Jersey. If you’re looking for reliable financing for your cannabis real estate investment, we’ve got [...]
Jack Miller talks about a thank you email he got from a loan that just paid off. He also talks about how Gelt helps borrowers, who are real estate investors and owners [...]
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 closed a 1st mortgage cannabis dispensary in NJ for a cash out refinance to fix up the property, no appraisal or income verification. When your bank says NO, we [...]
What is the culture at Gelt Financial? Go behind the scenes with Paul Barash. Every company has its own culture—and Gelt Financial is no different.
Can you Invest in Mortgages or Trust Deeds using a Self Directed IRA Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we [...]
Jack Miller gives a little background on a recent rush closing of a commercial mortgage office building in Orlando, FL and how it happened. What the mortgage broker and borrower did [...]
Gelt closed another Mezzanine loan on 3 properties in 3 states with 3 tenants. this was a Collateral based loan. "Jack: I personally, I'm super excited. We just closed a mezzanine [...]
A Mortgage broker bought us an Office Condo financing request for a business owner who occupied the property and could not verify income and did not quality for bank financing due [...]
Gelt Financial just closed two fix and hold JV equity Mortgages, were we provided 100% Financing to our partner. Gelt has been helping commercial real estate and investment borrowers since 1989. [...]
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 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 [...]
Gelt closes collateral based first mortgage in San Antonio, Texas. Brought to us by a mortgage broker, closed very fast. "Jack: Okay, Marcy Berger, the angle is perfect. We're making this [...]
Jack Miller speaks to mortgage brokers and talks about doing business together and some things to know.
In the video, Jack explains the concept of a co-tenancy clause in a lease, particularly in retail leasing. The clause allows one tenant to terminate or modify their lease if another tenant [...]
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: [...]
Gelt Financial loves working with Mortgage Brokers, and a very common question is how they get paid. This very short video answers that question. "Jack: Michael, how do Brokers get paid? [...]
Jack Miller answers the question: can someone be a part-time mortgage loan officer or mortgage commercial broker? "Hi, this is Jack Miller. You know, I want to answer a question that [...]
Gelt Financial is a private commercial mortgage lender, and here are some advantages: speed, creativity, flexibility, common sense, and access to capital. When your bank says No, we say Yes. Gelt [...]