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We offer business and investment mortgage loans on real estate. We do not offer owner-occupied residential or personal loans.
You can mail us a check, pay online through your bank’s bill pay or wire us the funds.
Call us at 561-221-0900. Communication is critical.
Gelt Financial, LLC ISAOA 5300 W Atlantic Ave, Suite 205, Delray Beach, FL 33484
Send us an email with a draw request and pictures of the progress on the property. Please make sure to allow enough time for us to do an inspection.
Contact us at least 5 days prior to the payoff date
Let us know and request we extend the loan for you.
Contact us at Info@Geltfinancial.com and please send a copy of the mortgage and or title policy with your contact information.
The process begins by filling out the form at the top of this page and speaking to one of our experienced loan officers. From there we can determine the best way of moving forward.
Gelt Financial is not intimidated to handle the complicated and messy financing deals. Gelt’s vast experience allows us to handle difficult deals that most others can’t.
Gelt Financial keeps an open mind on deals with a wide array of different collateral. The most common types are: Single Family Rehab or Investment, Multi-Family, Office, Retail, Industrial, Self-Storage, Single Tenant, and Mixed-Use.
Gelt Financial is a common sense underwriter that looks for financials that make sense. We enjoy working with storied and value added properties.
Gelt Financial has no credit score requirements or minimums and provides common sense and “storied” underwriting to secure financing for even low credit scores. Gelt prides itself on flexibility.
Gelt tries to work around the borrower’s needs and goals, we try to move very fast when the need is there. We have closed deals in a week.
Gelt is a non-bank lender and does not have the restrictions that banks have, we are creative and flexible as well move fast.
We can move very fast, it really depends on your time frame and we work to meet your needs.
We understand credit problems and challenges we work around them and focus on the future and the property. Credit problems are understood.
While every deal is different, being a non-bank lender, most of our borrowers have or had credit issues, therefore, we focus on the future and on the property.
That’s ok, we understand that and have programs designed for this.
Yes, this is one part of many parts of the deal, we look at the total situation.
Yes, this is one part of many parts of the deal, we look at the total situation.
Yes, we have foreclosure buy out programs!
It depends on the situation, we are collateral driven and focus on the value of the collateral, as well we allow our borrowers to use other real estate they own instead of a down payment.
We do, you will be dealing with the same people.
We are very active in the debtor in possession chapter 11 space doing loans in bankruptcy or as exit financing.
We lend in all states except CA, NC, OR, AZ, NV, AK and HI.
Yes, we are, which means you get to speak directly with the decision makers and they get to listen to you. It gives us a lot of flexibility in structuring deals that meet our borrower’s needs.
Once we have the application, credit, and a summary, most approvals take a few hours.
While every loan is different, most loans close in 30 days or less.
Are normal loan mortgage starts $100,000.00 minimum amount and no maximum amount.
We do have commercial and investment real estate mortgages starting at $25,000.00
We have non-income verification programs available as well as limited documentation programs available. We use common sense when looking at loans and realize that sometimes all the paperwork is not in order.
We use common sense underwriting, and understand that people have ups and downs, we take everything into consideration and are not afraid of bad previous credit.
Ye, you can, in fact, we also lending to people and companies in bankruptcy.
We have been working with mortgage brokers since 1989.
We do and you will be dealing with the same people who make the loan. Your not just an account number to us.
No, just send us an application, credit and loan summary.
Gelt has been providing mortgage’s and the capital needed to the real estate investors since 1989, when you deal with Gelt you deal with the decision maker who will give you the straight story upfront, At Gelt most of the deals we approve we work out the terms right on the phone with our borrowers and then within a few hours issue a term sheet with all the details listed in easy to read language.
It really all depends on the deal, there are no hard and fast rules. As an example, if you own other real estate properties, we might be able to use that instead of a down payment. If you’re buying the property at a big discount, a down payment might not be needed. We are flexible.
We are flexible with the documents and as long as we are comfortable, we don’t need a lot of documentation.
We provide the opportunity to either save money or make money using our financing. Usually, they use a bridge loan for a short time to take advantage of a situation to get them out of trouble.
Everyone has a different definition of what is a hard money loan or lender is and it’s always changing. We are a private portfolio lender doing deals that provide people with the financing they need. I would say we offer hard money programs.
Yes they are, we have a lot of flexibility and we use a risk-reward pricing model, as well many factors weigh in such as load size, documentation, and the length of the loan. It’s all relative. If we’re providing financing on a deal that the borrower is going to make hundreds of thousands of dollars, he might think we are cheap. We are more expensive then banks, but there are a lot of factors that go into our pricing.
No, we do not. We look at every request on an individual basis.
No, we are not credit score driven. We look at the complete picture.
Yes, we do. We understand that things happen in life and are always looking to the future.
Yes, we do. We are opportunity lenders and have been lending on discount note purchases for years.
As soon as you received the bill send it to our servicing department the bills and we will pay it?
Please send us the new bills and we will adjust your monthly escrow if we are escrowing for the loan.
Please send us your new contact information and we will update our records.
No, feel free to start running deals by us, because we lend on commercial and investment properties there is no formal approval process.
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 rent roll and income and expense statement is a big help.
We do not lend on land, construction lending, farms, rural properties or assisted living facilities.
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 closing.
Our team at Gelt Financial does, keeping you informed every step of the way.
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.
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.
