ANOTHER DEAL DONE IN FLORIDA! Gelt Financial just closed a $100K Distressed Debt Purchase on a single-family investment property in Fort Lauderdale.Gelt Financial purchases distressed debt, nonperforming loans, and sub-performing [...]
JUST CLOSED IN BRADENTON, FLORIDA! Gelt Financial closed a $220K First Mortgage on a single-family investment property in Bradenton, FL. Our client needed a fix-and-flip loan with short-term financing [...]
Everyone has a different definition of what 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.
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.
Yes, we do. We understand that things happen in life and are always looking to the future.
Why Gelt for a Hard Money Loan?
Quick Access to Capital: Hard money loans offer rapid funding, allowing investors to take advantage of time-sensitive opportunities in the competitive CRE market.
Flexible Approval Criteria: Approval for hard money loans is often based on the collateral property’s value, not the borrower’s credit history or financial situation, making it more accessible to investors with less-than-perfect credit.
Customized Terms: Hard money lenders like Gelt offer flexibility in structuring loan terms, allowing borrowers to tailor repayment schedules to their project’s specific needs.