Closed: $400K Refinance Loan for Medical Office Building in Odessa, TX

Gelt Financial just closed a $400K refinance loan for a medical office building in Odessa, TX. The property sits in a fantastic location with excellent parking, and the borrower came to us with strong business financials.
With a low 49% LTV, this deal was a great fit for our flexible lending approach. When traditional lenders say 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
When it comes to saving money through real estate, leverage is an important aspect. We have worked with a number of real estate investors who fix or flip residential non-owned [...]
We are excited to once again step in and help those who banks won’t. In this case, it was owners of a mixed use property in New Jersey which we [...]
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 [...]
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 [...]
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, LLC just closed a commercial mortgage with a 30-year amortization. This borrower was unable to obtain traditional bank financing because of a personal IRS tax lien, With the [...]
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 [...]
Gelt Financial is thrilled to announce that we have successfully closed a $273K loan for a commercial retail property in Albuquerque, NM. We partnered with a mortgage broker to [...]
JUST CLOSED Cash-Out Refinance in Ramsey, New Jersey! Gelt Financial just closed on a $500k First Mortgage on an office building in Ramsey, NJ, a suburb of New York [...]
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. [...]
Another successful deal was closed by Gelt Financial! We’re excited to announce the closing of a $300K cash-out refinance for a medical office in Baton Rouge, LA. This property, [...]
Gelt Financial just closed a $200K First Mortgage on an owner-occupied retail building in Lubbock, Texas. This borrower reached out to our expert loan originators to close the deal quickly.Gelt [...]
Gelt Financial recently arranged $9.8 million in commercial first mortgage financing for the real estate holding company of a large substance abuse recovery center. The company acquired three properties in [...]
Gelt Financial, LLC is pleased to be back in Scotsman Guide. Gelt and its management have been lending to small commercial property owners and investors since 1989. Gelt offers commercial [...]
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! 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 [...]
If your bank can't help you, we can. We specialize in mortgages that banks won't do. We use commonsense underwriting and offer flexible terms. Quick approvals and closing. [...]
Thinking about a mortgage loan from a big-name bank or a private mortgage lender, but you aren’t sure which one to choose? Think again—the differences will [...]
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! Gelt Financial is excited to announce the closing of a $250k multi-tenant office building in Chesapeake, VA. This private loan was a refinance, owner-occupied buyer, broker deal, [...]
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, [...]
Gelt Financial is thrilled to announce that we have successfully closed a $230K first mortgage on a car wash purchase in Charleston, SC. This incredible deal was completed in [...]
Jack Miller is pleased to speak and take part in a panel discussion “Critical Capital Markets Updates and Office Market Strategies" at the 3rd Annual New Jersey Office Summit Iselin, New [...]
We have just closed another successful bridge loan for another happy client! We just closed a bridge loan on an office building in the Suburbs of Cleveland, Ohio. The property [...]
In the video Jack explains the concept of phantom income in real estate investing. Phantom income refers to situations where investors may not receive cash distributions despite owning a share of [...]
Washington DC, Investment real estate 2 unit 1st Mortgage Bridge Loan cash out refi, No income verification foreclosure bail out. Fast approval and Closing. When your bank says No, we say [...]
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 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 [...]
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 a medical office building in Ohio for a service business. "Jack: Hello, this is Jack, and Marcy... you know what, Marcy, during a little [...]
Proud to have financed an owner-occupied day care center in Philadelphia! At Gelt Financial, we’re committed to helping small business owners achieve their dreams with flexible financing options tailored to your [...]
The video explains the definition of Note on Note Financing. It is the practice of buying and selling notes, typically related to mortgages and debts. Investors look for discounts and consider [...]
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 [...]
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 provided a purchase mortgage first mortgage on Mixed Use Property in Brooklyn New York. No income qualification When your bank says No, we say Yes. "Marcy: Hi, all right. [...]
Gelt Financial loves small commercial and mortgages. When a bank can't do it we are a great alternative. Do you need private funding for a commercial or investment property? Give us [...]
This is a short video on the types of commercial and investment mortgages that Gelt Financial Provides."Jack: Okay, you're on, Michael. What do you want to make a video on today?Michael: I [...]
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 [...]
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 [...]
No seasoning on commercial and investment mortgages. Common-sense underwriting. Remember, when your bank says NO, we say YES! Gelt offers private financing to real estate investors and commercial property owners with [...]
Marcy and Jack talk about why mortgage brokers, commercial real estate investors, and business owners come to Gelt, first, they go off the rails. This is a blooper Video. "Marcy: Hi. Jack: [...]
Gelt just provided the financing and funding on 3 single family investment properties in Florida all purchased at an auction. "Jack: Hey, this is Marcy and Jack at Gelt Financial. Hopefully, [...]
Jack Miller and Marcy talk about a Mezzanine loan that just closed on a new state home in the North Shore of Long Island for a real estate investor. Mortgage broker [...]
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 goes into detail on why real estate investing is the best inflation hedge and investment. He goes over it step by step. "Hello, this is Jack Miller. I hope [...]
Gelt provides Condo and HOA Association Financing when banks won't. Typically banks wont deal with small associations, high delinquency, low reserves or high investor condensations as well as other reasons and [...]
What is a Mezzanine loan. Gelt lends up and down the cap stack, debt and Equity. "Marcy: Hi. Jack: Hello, Jack and Marcy, making a socially distanced video on what 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 [...]



















