Cash out No Income Verification Mortgage on Investment Property
Gelt Financial, LLC is pleased to announce that it has closed another mortgage under its no income verification investment property mortgage program, this was a cash out refinance on an investment property. Under this streamlined program there are no income verification’s and no tax returns required. The borrower used the cash from this refinance to puchase another investment propertyand growing his portfolio. The loan had a 30 year term with no ballon.
According to Jack Miller, Gelt is financing more and more borrowers that don’t want to or can’t go to banks because of the bank’s tightening guidelines or the long length of time and red tape they put them thought.
Gelt Financial, LLC was founded in 1989 since then it has provided financing to over 10,000 real estate investors and owners of business providing them the capital they need to build their American life.
We would love to help you meet your borrowing needs
Private Money Lender – Related posts
In the realm of commercial real estate financing, bridge loans serve as invaluable tools for investors looking to seize opportunities quickly, navigate transitions smoothly, or [...]
You’re in the business of providing permanent financing for all types of residential properties from single-family homes to multi-family properties. You also have solid resources to fund certain types of [...]
The real estate industry has been on the rise for almost a decade now, and it continues to grow thanks to the booming economy. But [...]
Gelt Financial arranged to finance for clients that own a 34-unit multi-family apartment near Pittsburgh, PA. The loan enabled the client to pay off a higher-interest loan and receive [...]
We are pleased to be able to arrange financing for the purchase and rehab of a 118-unit, value-added apartment complex in Decatur, GA. The borrower found a good deal and [...]
A local private lender recently found itself in a difficult position. One of its loans had gone bad. The borrower had stopped paying, investors were demanding answers, and the [...]
Closed Loan: After being frustrated by other lenders we were pleased to help another real estate investor in Washington DC on the refinancing of his 4-unit multifamily property. We [...]
Gelt Financial, LLC is pleased to provide financing for an owner of a 6 unit multi-family investment property in Cincinnati, Ohio. This was No income verification cash-out refinance with a [...]
NO Credit Checks For Residential-Investment Properties & Small-Balance Commercial Bridge Loans At Gelt Financial, we understand that traditional credit checks can sometimes limit your real estate investment opportunities. [...]
Gelt Financial was able to arrange to finance for the hard-working owners of a business and commercial real estate a sports retailer using their commercial real estate as collateral [...]
TL;DR - Florida Land Loan Program Overview: Direct private lender for SFR-zoned land in Florida (Orlando to Miami) Max loan: $300,000 | Max LTV: 50% | Min credit: 640 [...]
Gelt Financial Corporation just closed a no income verification first mortgage for a real estate investor in Pennsylvania on 5 rental properties, the loans were for a 30 year amortization [...]
Gelt Financial Corporation, in business since 1989, is pleased to announce its nationwide strategic partnerships to bring its clients CMBS mortgages. This service focuses on loan amounts from $5,000,000 to [...]
Dip Lending, LLC is pleased to announce that it has just closed a commercial real estate loan first mortgage in New Jersey for a real estate investor in Chapter 11 [...]
We have just closed another successful bridge loan for another happy client! We just closed a bridge loan on an office building in the Suburbs of Cleveland, Ohio. The property [...]
The Definition of Bridge Loans If you’ve dabbled in real estate, have dipped your toes in homeownership for some time, or are just beginning your journey into the vast [...]
About 18 months ago we received a referral from a workout attorney, he had a client who owned a multi-location small business. Their current lender a local bank had [...]
Jack Miller of Gelt Financial, LLC announces its “Better than Bank Commercial Mortgages without the aggravation new loan programs” Gelt recognizes that commercial real estate owners and investors are increasingly [...]
GFCIB and Advisors, LLC is pleased to have H. Jack Miller speak and take part in a panel discussion “Utilizing Bridge Capital in a Rising Real Estate Market” at the [...]
How to Save your Self Storage Center from Financial Ruin Owning a self storage center is great business. However, we have realized that the prospect is less than satisfactory for [...]
As a borrower, you may be curious about your options in securing a loan for your commercial mortgage, to grow your real estate investments, and to fund your projects [...]
ROOM FOR IMPROVEMENT Your hotel is financially distressed and the bank can come to collect. Fortunately, all is not lost. Getting the distressed property off your hands might make sense [...]
Gelt Financial now makes its bridge and opportunity loans available throughout the mortgage brokering community. We offer bridge loans up to $20,000,000 in all major MSAs. We have common [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]
Mortgage and Real Estate Professional Tip: If you plan on selling or refinancing real estate, make sure your title to the property is clear and cleaned up. Often there are mortgages, liens, [...]
In Foreclosure Bail Out, commercial Property in Brooklyn NY, it discusses Gelt Financial's provision of foreclosure bailout loans for commercial properties in Brooklyn, New York. It emphasizes our ability to quickly [...]
Gelt Financial just closed a collateral-only first mortgage on a commercial property in Fort Lauderdale, FL, within 10 days. "Marcy: Hi, this is Marcy and Michael, and we're going to talk [...]
In the video, Jack explains the difference between recourse and non-recourse loans. Recourse loans involve personal guarantees, making the borrower liable if the property can't cover the debt. Non-recourse loans, on [...]
Gelt Financial is a private commercial mortgage lender, and here are some advantages: speed, creativity, flexibility, common sense, and access to capital. When your bank says No, we say Yes. Gelt [...]
Jack and Marcy talk about a 50k first mortgage Gelt Financial just closed on a Multi family property, There is almost no where for borrowers who want to borrower small amount [...]
In the video, Jack shares an interesting story about closing a 100% loan-to-value deal on land in Ohio. Despite not typically offering land loans, Gelt made an exception due to the [...]
In some situations, Gelt Financial does not require a credit report on residential investment property financing and small commercial Mortgage Financing. Gelt has been helping commercial real estate and investment borrowers [...]
What do they say about an army? The best way to motivate them is to feed them? Well Team Gelt is not an army but we do always have good and plenty [...]
Gelt Financial provides First Mortgages on Single or Multi family residential Investment Properties that are being purchased to flip or to fix up and lease out. Gelt usually closes them very [...]
Gelt closed another Mobile Home Park Mortgage Closed in Indiana. Remember, when your bank says NO, we say YES! "Jack: Okay, Marcy Berger, we're here. Marcy: We're here. Hi, guess what? [...]
1st Mortgage Bridge Loan on a credit tenant Walgreens in Staten Island, NY on a ground lease. No appraisal, No Environmental, very fast approval and closing, No personal information and qualification [...]
Jack Miller closed another commercial mortgage, this time for a car wash. Gelt has been helping commercial real estate and investment borrowers since 1989. "Jack: This is Jack. Marcy: This is Marcy. [...]
Gelt Financial closes a refinance on a new construction investment property in Texas. "Jack: This is Jack, this is Marcy at Gelt Financial. We just closed the loan in Manville, Texas, [...]
Term sheet signed Black Friday, deal ready to close Wednesday. Broker contacted us when bank did not close and needed a very quick close. We did it! "Jack: Hi, Jack and [...]
Are you a mortgage broker? Gelt Financial does a lot of lending when other banks and lenders turn the deal down. Mortgage brokers can make money focusing on fallouts. Gelt has [...]
Jack, discusses his experience in providing fix and flip and rehab loans for real estate investors. He shares a story about a challenging time during a market crash in 1991 when [...]
Jack talks about a loan that Gelt Financial just approved and what the loan to value is.
Is Gelt Financial a Hard Money Lender or a Private Lender? Whats the difference? What is a subprime lender? "Hi, I hope you're having a good day. I want to make [...]
Gelt financial closes a commercial office building in Atlanta Georgia for the owner of a new business in 4 working days after the bank said no at the 23rd hour. "Jack: [...]
Gelt is excited to provide first mortgage financing for an local real estate investor in Idaho on a single family dwelling. This was done under as a very limited documentation mortgage [...]
Gelt Financial offers financing to HOA and Condo associations. There are plenty of associations who don't have time or cant go to a bank. What's when Gelt steps in and privies [...]
We buy commercial real estate debt. That includes Performing, Non-Performing, and Sub-Performing commercial debt. Jack Miller goes over the types of commercial debt that Gelt Financial buys. Gelt has been helping [...]