Closed: $925K First Mortgage in Plantation, Florida
Gelt Financial recently closed a $925,000 first mortgage loan secured by a medical office property in Plantation, Florida.
The approximately 4,500-square-foot property was appraised at $1.725 million, resulting in a conservative 53% loan-to-value ratio and a strong equity position for the deal. Structured with a 24-month term, the financing allowed the borrower to retain operational occupancy of the property while resolving prior title and debt complications to help stabilize ownership moving forward.
When borrowers need flexible financing solutions to navigate complex situations, Gelt Financial delivers. 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.
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