How long does it take to close a deal?
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.
How long does it take to approve a deal?
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.
Who does the processing?
Our team at Gelt Financial does, keeping you informed every step of the way.
Do you protect my points?
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 [...]
What types of properties won’t you do?
We do not lend on land, construction lending, farms, rural properties or assisted living facilities.
What do I need to submit a deal?
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 [...]
Do I need to be approved with Gelt?
No, feel free to start running deals by us, because we lend on commercial and investment properties there is no formal approval process.
Are you a direct lender?
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.
Do you lend nationwide?
We lend in all states except CA, NC, OR, AZ, NV, AK and HI.
