Debtor in Possession/ DIP Financing Loan approved
Gelt Financial, LLC in partners with our sister company DIP lending, LLC we have approved two Debtor in Possession (DIP) deals in the last few days.
In both cases we were able to issue approvals within hours of being presented the opportunities. We instantly got a handle on deal, the goals and desires of the borrower. We verbally went over the terms, time lines and when agreed to presented the borrowers a term sheet.
Because we are private portfolio lenders we have the ability to meet the needs and customize the terms of the financing and deal to the situation and circumstances. We offer flexible terms with interest reserve as well we can fund other part or all of the chapter 11 costs and professional fees. We have a lot of experience in this area and that’s a big value add.
We work with Real Estate Investors, Business owners, Attorneys, creditors for a successful outcome we are fast moving and active in the area of distressed situations, note on note financing, Debtor in possession or DIP and chapter 11 exit financing.
For more information contact info@Geltfinancial.com or call us at 561-221-0900
Private Money Lender – Related posts
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 [...]
Debtor-in-possession financing, commonly referred to as DIP financing, is a type of financing central to companies in bankruptcy, specifically those who have filed for Chapter 11 bankruptcy protection within [...]
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 [...]
There’s something about non-bank commercial lenders that’s got everyone jumping for joy in the financial world, but what gives—why are these lenders in such hot demand🔥 as opposed to [...]
When you need someone who can move fast, understands the deals, is flexible, and has experience with Chapter 11 Bankruptcies. We are here for you.An attorney for DIP calls me [...]
JUST CLOSED IN BOCA RATON, FLORIDA! Gelt Financial just closed on a $250K Second Mortgage in Boca Raton, FL. Using DIP financing, also known as Debtor In Possession Financing, [...]
We are pleased to provide financing to a condominium Association that was in Chapter 11 Bankruptcy, in the Atlanta, GA area. The funding we provided them allowed them to exit [...]
Gelt Financial, LLC approved a “DIP” Debtor in Possession first mortgage on a health care facility in New England. Over the years Gelt has developed a specialty in helping owners [...]
Exploring the Motivations and Benefits for Lenders in the Finance Industry In the dynamic landscape of the finance industry, lenders often find themselves facing the challenge of distressed debt. [...]
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 [...]
We are pleased to announce that we have purchased a package of small balance commercial loans from a local bank. Gelt Financial, LLC has been purchasing sub and non preforming debt [...]
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? [...]
Dip Lending, LLC is pleased to announce that it has just closed a commercial real estate loan first mortgage in New Jersey for a real estate investor in Chapter 11 [...]
As prices in several markets dip for the year 2019, a lot of people are reminded about companies going bankrupt. Consumers are not the only ones affected by this - [...]
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 [...]
When the banks said no, Gelt Financial said YES! We just closed a loan for a South Florida condominium association after other lenders turned them down. Whether it's unique challenges or [...]
Jack Miller of Gelt Financial addresses a common misconception on why some businesses file Chapter 11 Bankruptcy. Gelt Financial is a bankruptcy DIP and Exit lender.
In every market, there is an opportunity; we lay out some ways people are taking advantage of this real estate market using financing. We want to help investors Make money using our [...]
Gelt Financial just closed two fix and hold JV equity Mortgages, were we provided 100% Financing to our partner. Gelt has been helping commercial real estate and investment borrowers since 1989. [...]
Jack Miller gives some tips for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Hey, hope you're [...]
Real estate investors can make a lot of money with fix-and-flip rehab investing, but they also can lose a lot of money. Jack and Marcy talk about their experience of doing [...]
It's important for Mortgage Brokers to focus and find a Niche, be an expert get in the heads of borrowers and lenders. Focus, Focus, and Focus. "Jack: Hey Jack and Marcy [...]
In this video, Jack discusses a closed deal in Chesapeake, Virginia. Wherein $220,000 is provided, first mortgage on a mixed-use property to a real estate investor with poor credit. The borrower [...]
Jack Miller goes over the Mortgage Brokers' Commissions, Mortgage Broker Fee Income, and more
Gelt Financial can provide financing on inherited properties. We can supply the new owners the capital they need to payoff existing loans, fix the property up, or for other purposes to [...]
In the video, Jack shares his top 11 reasons to be in the mortgage business. These include no formal education requirement, a consistent demand for mortgage services, high income potential, and [...]
Marcy Berger of Gelt Financial Message to Mortgage Brokers. Call us at | 561-221-0900. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, [...]
Mobile Home Park closes, in Long Island, NY Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: This is [...]
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. Gelt has been helping commercial real estate and investment borrowers since 1989. When [...]
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 [...]
In the video, Jack shares an interesting story about closing a 100% loan-to-value deal on land in Ohio. Despite not typically offering land loans, Gelt made an exception due to the [...]
In some situations, Gelt Financial does not require a credit report on residential investment property financing and small commercial Mortgage Financing. Gelt has been helping commercial real estate and investment borrowers [...]
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 [...]
Marcy and Jack talk a little bit about the increasing interest rate environment and what it means for commercial mortgage brokers and borrowers, and how to take advantage of it. "Marcy: [...]
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 [...]
Jack and Marcy of Gelt Financial are excited to announce we just closed on a $1.6MM mezzanine loan on a 60k SF office building in Houston, TX. The property was valued [...]
Gelt Financial helped an Auto Body Shop in St Louis, Missouri with credit challenges with a no-income qualification mortgage with a 3-year term. "Hello, this is Jack Miller of Gelt Financial. I [...]
Michael Kelman goes into detail and lays out the business purposes and commerical mortgage that are in the stick zone of Gelt Financial and how we can get create to meet [...]