Closed: $420,000 Cash Out Refinance for Marlton, New Jersey Cannabis Retail Property
$420,000 Cash Out Refinance for Marlton, New Jersey Cannabis Retail Property
Gelt Financial closed a $420,000 cash-out refinance on a commercial property in Marlton, New Jersey. The 4,004-square-foot building has approved zoning for cannabis retail use and a $1.8 million valuation.
We structured this loan at a conservative 23% loan-to-value, giving the borrower substantial equity while keeping Gelt Financial's position secure. The property is leased for eight years to a multi-location public-company tenant, who is funding the dispensary conversion and improvements out of pocket.
This borrower has an existing relationship with Gelt Financial and a perfect payment history with us. That track record, combined with strong asset fundamentals, made this a smooth close on a 12-month, interest-only term. No appraisal or minimum credit score was required. The borrower's exit strategy is a refinance into a DSCR loan.
Deals like this show why real estate investors keep coming back to a family-owned, asset-based lender. We stay honest about our terms, with no hidden fees and no slowdowns once a deal is ready to close. Do you have a commercial or investment property that needs fast, flexible financing? 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
Deal done! Gelt Financial recently closed a $230,000 refinance for a single-family investment property in Stockholm, New Jersey. This straightforward refinance was completed with speed and simplicity, allowing the [...]
Deal closed! Gelt Financial recently completed a $350,000 refinance for a daycare center in Duncan, South Carolina, designed to give the borrower the flexibility and breathing room they needed. [...]
Hard money lending is a type of financing in which a borrower receives a short-term loan secured by real property. Investors typically [...]
When a company is going bankrupt, there are things they can sell other than its assets. For one, they can also sell their debt. What is Distressed Debt? Distressed debt [...]
Closed Loan: After being frustrated by other lenders we were pleased to help another real estate investor in Washington DC on the refinancing of his 4-unit multifamily property. We [...]
Deal done! Gelt Financial just closed a $250K cash-out refinance in Crystal River, Florida. This borrower didn’t need a long approval process or piles of paperwork—he needed access to [...]
FOR IMMEDIATE RELEASE Gelt Financial, LLC and its sister company National Mortgage Income Investments Corporation (NMIIC) have reached a significant milestone: 110 consecutive monthly investor distributions, paid on the [...]
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 [...]
Gelt Financial, was pleased to provide 100% of the financing to a new investor who found a great deal on a single-family property in Coral Gables, Florida, in need of [...]
Gelt Financial LLC is pleased to have closed on a investment first mortgage single family home in Darian, IL. The Buyer is a real estate investor and purchased the property [...]
Gelt Financial was able to arrange to finance for the hard-working owners of a business and commercial real estate a sports retailer using their commercial real estate as collateral [...]
Closed Loan, Philadelphia the home of the Super Bowl Champion Eagles, vacant Mixed-use property, the buyer was purchasing to fix up and rent out. When your bank says No, we [...]
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 [...]
We offer no income verification mortgages on commercial and residential investment properties, 30 year amortizations with no balloons, loans up to 5 Million.
JUST CLOSED IN THE HAMPTONS, NEW YORK! Gelt Financial is excited to announce we just closed on a $1.25MM Mezzanine Loan on a stunning property in The Hamptons, NY. [...]
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 [...]
Top Hard Money Lender In Florida Hard money lenders have hard-won reputations because they don’t have the recognition of a national bank or other large, ubiquitous [...]
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. [...]
JUST CLOSED IN PETERSBURG, VIRGINIA! Gelt Financial is excited to announce the closing of a $150k First Mortgage in Petersburg, VA. The non-recourse loan was secured by a cash-flowing, [...]
Deal Closed! Gelt Financial helped secure a $60K First Mortgage on an Office Building in the bustling and vibrant city of Kansas City, MO! At Gelt Financial, we take [...]
How to Save your Self Storage Center from Financial Ruin Owning a self storage center is great business. However, we have realized that the prospect is less than satisfactory for [...]
Cash-out Refinance, No Income verification, Out of country borrower, partial recourse, Property had city violations on it that need to be corrected. They tried their bank and when their bank [...]
An experienced investor was able to put under agreement of sale an Industrial building with a large amount of ground at a very good price. The property was lost to [...]
We love closing loans and helping small business owners and investors in commercial real estate: Closed cash-out refinance of Fix and Hold Single-family rental property in New Jersey. Borrower purchased [...]
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 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. [...]
This is what I did this weekend so far, the world of self employment. hard work, some ups and downs, always trying to improve and a lot of effort. Marketing, Customer service, [...]
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. [...]
Gelt Financial provides a First Mortgage on a Fire damaged Investment property in Baton Rough, LA.
We love working with our borrowers. They teach us so much. We are so great-full to be their lending and capital partners. "Hi, this is Jack Miller at Gelt Financial. I'm [...]
Jack Miller gives an example of an interesting and creative deal. It was a TIC roll up where our borrower/partner made a lot of money using our money. "Hey Larry, this is [...]
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 [...]
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 [...]
Gelt Financial closes a refinance on investment condominium in Jersey City, NJ. "Jack: Hello, this is Jack and Marcy again, here to tell you about a loan. A loan we just [...]
How do we dig in and use real life math and market data to determine the market value of a real; estate investment property at Gelt Financial. "Jack: Jack and Michael [...]
Gelt is excited to partner with a local real estate investor. We provided 100% debt and equity in a deal where we purchased an office building and leased it out to [...]
Is Gelt Financial a Hard Money Lender or a Private Lender? Whats the difference? What is a subprime lender? "Hi, I hope you're having a good day. I want to make [...]
Jack Miller advises mortgage brokers on everything they should have ready and provide to lenders to get their loans closed FASTER.
Leigh Ioffe shares the four cornerstones of empathy, tips how to employ it in times of crisis, and how to differentiate between empathy and sympathy. "Hi everyone, Leigh here back to [...]
Jack and Marcy go into details and talk about Whats needed to have a 4 day closing on a investment or commercial mortgage. It happens all of the time, but all [...]
Are you a mortgage broker? Gelt Financial does a lot of lending when other banks and lenders turn the deal down. Mortgage brokers can make money focusing on fallouts. Gelt has [...]
Jack and Marcy discuss the current market and share their observations, including the types of deals Gelt is currently closing and not closing, and the reasons behind these decisions. They outline [...]
Jack and Marcy update you on what's going on and what types of deals we are doing during this crisis. Gelt has been helping commercial real estate and investment borrowers since [...]
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages.
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages."Marcy: Hi Jack.Jack: Marcy, we just closed a couple of deals, but one, in particular, closed in. It came in [...]
Markets are always changing and moving in order to survive Mortgage brokers need to pivot to what they can close and make money with. Condominium Association loans is an excellent way [...]
Gelt Financial is a private commercial mortgage lender, and here are some advantages. Speed, creativity, flexibility, commonsense, and access to capital.When your bank says No, we say Yes.
Jack and Marcy talk about how they can do mortgages without appraisals, how to calculate values and how real estate investors should know the real values. "Jack: This is Jack and [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]