We try to work with the borrower's needs. Every deal is different depending on if we need an appraisal or not. If we don’t, it can be 5-10 days. If we do, sometimes appraisals are running a few weeks.
We move fast if we get what we need and a good understanding of the deal. We try to approve it and issue a term sheet within an hour or so.
Our team at Gelt Financial does, keeping you informed every step of the way.
Prior to us issuing a term sheet we will ask the broker how many points they are charging, we put the broker and their points right on our term sheet and the title company will pay the broker directly from
We do not lend on land, construction lending, farms, rural properties or assisted living facilities.
You can call us and run the deal verbally by us or email it to us. It's best to start with a complete 1003 or Personal financial statement, credit, and summary of the loan. If it's an income-producing property, a
No, feel free to start running deals by us, because we lend on commercial and investment properties there is no formal approval process.
Please send us your new contact information and we will update our records.
Please send us the new bills and we will adjust your monthly escrow if we are escrowing for the loan.