Closed: $218K Non-Performing Loan in Miami, FL
Gelt Financial just closed a $150K low-leverage cash out refinance on a renovated condo unit in Naples, Florida. The borrower inherited the unit, completed improvements, and is preparing to lease it out.
With no appraisal and no minimum credit requirement, this collateral-based mortage allowed the borrower to unlock liquidity quickly and efficiently. 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.
Private Money Lender – Related posts
JUST CLOSED IN CITRUS SPRINGS, FLORIDA! Gelt Financial just closed a $225K First Mortgage on an owner-occupied restaurant in Citrus Springs, FL. Our borrower bought both the restaurant and [...]
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 [...]
Gelt Financial Announces Funding of $3,000,000 Multifamily Bridge Loan Company Debuts in Columbus Ohio, Announces Aggressive Q4 Growth Plans Across the U.S. DELRAY BEACH, FL (Sept. 9, 2020) – Gelt [...]
Gelt Financial is a leading provider of DIP loans, also known as debtor-in-possession loans. We offer DIP loans between $100,000 and $3,000,000 to help businesses continue operations and achieve financial stability [...]
JUST CLOSED IN WASHINGTON, D.C.! Gelt Financial just closed a $480K First Mortgage on a daycare center in Washington, D.C. metro area. This deal closed in just two weeks. [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the Materials Market article "40 Financial Experts Reveal If Investing In Real Estate is Worth [...]
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 [...]
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 [...]
Purchasing distressed debt, also known as buying non-performing loans, can be a profitable investment strategy for those willing to take on the risk. Distressed debt refers to loans that [...]
Granite City, IL- We did the loan solely on the property 24-month term. Mixed Use property refinance Non-U.S. resident credit Foreign national Lives and works overseas No credit No personal [...]
JUST CLOSED IN MIAMI, FLORIDA! We are pleased to announce we just closed a $242,500 First Mortgage on an investment property collateralized by a condo in Brickell, the heart [...]
DEAL CLOSED IN LAKE WORTH, FLORIDA! Gelt Financial is excited to announce we just closed on a $900K First Mortgage on a retail strip center in South Florida. The [...]
TRIPLE-NET DEAL CLOSED IN ALABAMA, OHIO, AND TEXAS! Gelt Financial is excited to announce we just closed on a $500K Mezzanine Loan on an NNN Portfolio in Alabama, Ohio, [...]
H. Jack Miller, took part in the Ivyfon Family office conference, on December 3, 2018, at the Hyatt Regency Miami, a guest panelist on the Real Estate investment segment at [...]
Private money lenders are the secret weapon among commercial real estate investors and the reason behind the thriving commercial mortgage industry. Bridge loans and bridge mortgages play a critical [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the feature “This Private Commercial Real Estate Lender Cuts Through the Clutter To Produce [...]
About 18 months ago we received a referral from a workout attorney, he had a client who owned a multi-location small business. Their current lender a local bank had [...]
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 [...]
JUST CLOSED! Gelt Financial is pleased to announce we just closed a $325K First Mortgage on an Industrial Property in Pueblo, CO. This was structured as a cash-out refinance [...]
After failed attempts with previous lenders, we were able to help borrowers attain financing for the acquisition of a mixed-use Investment building in Newark, NJ. This income-producing property is an [...]
We provided the financing for hard-working self-employed businesswomen to purchase a used car lot and repair center in Philadelphia, PA, under our No income documentation business owner programs. The loan [...]
JUST CLOSED IN FOUR BUSINESS DAYS! Gelt Financial is excited to announce we just closed a $500K mortgage on a five-property Dollar General portfolio across multiple states. Gelt provided [...]
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 [...]
Gelt Financial buying distressed debt on commercial real estate between the loan sizes of $100,000 and $5MM Are you a lender looking to sell your distressed commercial real estate debt? [...]
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 [...]
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 [...]
Why use a private lender? When to use a Private lender? "Marcy: Hi! Mortgage tip of the day! Jack: Mortgage tip of the day! Jack and Marcy at Gelt Financial. First, like [...]
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 [...]
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 [...]
Jack and Marcy share some real-life tips for commercial Mortgage Brokers: "Jack: Okay, we're starting; we're improvising here. Marcy: Yes, because we have had mechanical problems this morning. Jack: I'm embarrassed [...]
Gelt Financial provides business purpose, investment and commercial mortgages to trusts. Behind the scenes with Jack Miller and Marcy Berger at Gelt Financials.
What is a DSCR? (Debt Service Coverage Ratio). Why use it, and how is it calculated? Jack Miller of Gelt Financial LLC goes into the details and provides step-by-step detail. "Hello, [...]
A small taste of what Marcy Berger does every day at Gelt Financial. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we [...]
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 [...]
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, [...]
In some situations, Gelt Financial does not require a credit report on residential investment property financing and Small commercial Mortgage Financing. Watch our latest YouTube video to learn more! Gelt has [...]
Commercial Mortgage Pawn Shop in Fort Lauderdale, FL "Marcy: Hi, Jack. Jack: Hey, Marcy. To tell people, I should, I say at the end, but I'm going to say at the [...]
Gelt Financial, LLC just closed a $1,000,000.00 first mortgage on a Building leased to Wendy's in TN. This was closed without an appraisal and within a week, the borrower needed a [...]
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 [...]
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 [...]
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 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 [...]
We made this for our borrowers and mortgage brokers, we all know in life things do not always go as planned or smoothly. We are here to help and work with [...]
In the video "Feedback from a Mortgage Broker on a 4-day closing" Jack, shares positive feedback about a 4-day closing in a YouTube video. He expresses his happiness in receiving praise from [...]
Gelt Financial is lending and busy, while the secondary market is almost shut down and a lot of other lenders are not lending. We are busy providing commercial and investment mortgages [...]
No credit scores or low credit scores may be okay at Gelt Financial. We look at the entire picture. Gelt has been helping commercial real estate and investment borrowers since 1989. When [...]
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 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: [...]