Can Gelt close in the name of my entity or LLC?
Yes.
Are there any upfront fees?
We require an upfront due diligence fee after the term sheet is signed. The remaining fees are due at the time of closing.
Are there any pre-payment penalties?
Yes, we typically require a minimum of 6-12 months of interest payments.
How long are your loans?
We offer loan terms between 6 months and 5 years.
Do you lend on value-add properties?
Yes, we do!
Do you offer construction loans?
Only in South Florida.
Do you provide fix-and-flip or rehab loans?
Yes and we can fund the rehab in draws.
Do you lend on owner-occupied residences?
Sorry, we only lend on non-owner-occupied residences.
Is there a minimum property value?
Yes, we require a minimum property value of $250,000.