Closed: $250K Cash-out Refinance for Home in Washington D.C.
Just Closed! Gelt Financial just funded a $250K cash-out refinance loan for a single-family home in Washington, DC. No appraisal. Super-fast closing. Cash-out refinance. Flexible documentation.
The borrower, a real estate investor with low credit, was turned away by other lenders—but not by us. He’ll use the funds for light rehab and continue renting the property.
With a 65% LTV and no traditional underwriting hoops, this deal is a great example of how we help investors unlock equity and keep moving. 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
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, [...]
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 [...]
Gelt Financial has provided a First Mortgage on a residential investment property in Wildwood, NJ. The property was a townhome, one block from the beach and Gelt was able to [...]
Gelt Financial, LLC was pleased to provide a $1,800,000.00 non-recourse first mortgage financing to a local non-profit owner of a retail shopping center in Philadelphia. The property is a neighborhood [...]
An email we just received from a mortgage broker.. We love working with mortgage brokers and have some so for 30 years. Dear Jack and Marcy, All too often it [...]
Gelt Financial was pleased to provide an investor group with first mortgage financing on a value-add retail center in Chicago that the buyers were the successful bidder through a national [...]
CLOSED! Gelt Financial is excited to announce the closing of a $500,000 loan for a Pheonix, AZ 99-unit Co-Op association to replace all the property's air conditioning units. After [...]
Gelt Financial was recently featured in Realtor.com's article, "What to Do If You Can't Pay Your Mortgage". In this piece, H. Jack Miller, President & CEO of Gelt Financial, [...]
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 [...]
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 [...]
Gelt Financial is thrilled to announce the successful closing of a $200K deal on a Retail/Warehouse Portfolio in Kansas City. We are proud to have provided the financing for [...]
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 [...]
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 [...]
Gelt Financial was recently featured in BadCredit.org's article, "Private Lending That Produces Money-Making Wins," highlighting our commitment to delivering swift and reliable financing solutions. In the article, H. Jack [...]
Chicago suburbs, the mixed-use property being purchased by an attorney at a discount price. We provided the first mortgage under our no income qualification program. Gelt Financial, is a private [...]
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 [...]
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 [...]
Gelt Financial providing private lending for office buildings nationwide between $100,000 and $5,000,000 Gelt Financial is a leading provider of private lending for office buildings nationwide. We offer loans between $100,000 [...]
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 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 [...]
When submitting loan requests to a private lender, it is important to provide as much information as you can to get a quick response and ensure that your deal is funded. [...]
You’re in the business of providing permanent financing for all types of residential properties from single-family homes to multi-family properties. You also have solid resources to fund certain types of [...]
Gelt Financial provided a first mortgage cash-out refinance on a mixed-use commercial property in Indianapolis, IN. In providing the financing that banks and traditional lenders did not do, Gelt looked [...]
Closed Loan, Gelt was able to assist this borrower obtain financing for her vacant Single-Family investment property in upstate NY. The property has been vacant for some while and with [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Marcy: Hi, it's Marcy and Jack. Jack: Hey, we're Gelt Financial, [...]
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 [...]
JUST CLOSED! Gelt just closed on a non arms length foreclosure bail out mortgage in a Suburb's of Philadelphia. Pa Hear how it all went down from our expert team! "Jack: Michael [...]
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 [...]
Super Rush Closing to save the day. "Jack: Okay, Michael Kelman, tell everyone exactly what happened. Don't spare anything in the last 10 minutes. Michael: We have a broker who has [...]
Part 2: Do you have what it takes to be a Mortgage Broker- Commercial or Residential? "Hello, this is Jack Miller from Gelt Financial again. I made a video the other [...]
Jack Miller gives his opinion on leaving your job and becoming a full time real estate investor. What has he seen over the years: "How you doing? This is Jack Miller. [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES. "Jack: So, what— a little interview. Marcy: Sure. Jack: A little [...]
What is a LTV Loan to Value and how do we calculate it? This is not a cut and dry question. "Marcy: Hey Jack Jack: Hey Marcy, let's talk today about [...]
Jack Miller gives some tips to commercial mortgage brokers in challenging times.
4 Day Commercial Investment Mortgage Closing on an Investment condominium, asset based loan, mortgage broker, no appraisal. Jack: Okay, Michael, tell everyone about the deal that we just closed. Give everyone [...]
Educational video on what's a draw schedule, how do they work, why a lender does it and how it protects the borrower on rehab or construction lending. "Marcy: Hello. Jack: Anyway, [...]
Jack Miller, being in the lending business for over 35 years, tells commercial mortgage brokers the number one thing they need to know and do to succeed. "Hello, this is Jack [...]
Gelt Closed a first mortgage on a single family investment property. "Jack: Hi, this is Jack, and this is Marcy. We're social distancing at Gelt Financial. I hope everyone is having [...]
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 [...]
Jack Miller talks about surviving a down term. How he survived numerous downturns and reinvested the company. What he learned along the way. "Well, this is Jack Miller. I hope this [...]
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 [...]
What’s needed for a fast and smooth mortage closing at Gelt Financial? And what can cause delays? Go behind the scenes with Jack Miller and Marcy Berger at Gelt Financial to [...]
Gelt closed another Mobile Home Park Mortgage Closed in Indiana. Remember, when your bank says NO, we say YES! "Jack: Okay, Marcy Berger, we're here. Marcy: We're here. Hi, guess what? [...]
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 [...]
1st Mortgage Bridge Loan on a credit tenant Walgreens in Staten Island, NY on a ground lease. No appraisal, No Environmental, very fast approval and closing, No personal information and qualification [...]
In the video, Jack shares negotiation tips for property deals. He emphasizes the "Art of Negotiation is to Analyze" -- the importance of analyzing the situation, listening actively, and keeping one's [...]
In this video, Jack and Marcy discuss a commercial mortgage loan deal that did not close and the reasons behind it. The property was good and had a great location, but [...]
Gelt Financial just closed a note-on-note financing deal for a small commercial real estate loan in New Jersey—in under a week! No appraisal, no environmental reports, and no income verification needed. [...]