Commercial Investment First Mortgage Loan closed for Borrower in Chapter 11 Bankruptcy
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 Bankruptcy. We were pleased to provide them with the financing they needed to pay off their existing lender and exit Bankruptcy. According to Jack Miller, “When I spoke to the borrowers last evening after closing, she could not stop thanking me and told me tonight will be the first night she sleeps well in years thanks to our help.”
DIP Lending, provides financing to real estate investors and companies under financial stress or in Chapter 11 Bankruptcy or planning to exit Bankruptcy. We are experts in this area and can customize our loan terms to meet any unique requirements of the borrowers.
Private Money Lender – Related posts
Written by Vice President of Gelt Financial, Noah Miller, and featured on Commercial Property Executive Gone are the days of Wall Street investors staking claim to all the assets, argues [...]
We are excited to once again step in and help those who banks won’t. In this case, it was owners of a mixed use property in New Jersey which we [...]
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 has provided a First Mortgage on a residential investment property in Wildwood, NJ. The property was a townhome, one block from the beach and Gelt was able to [...]
Jack Miller sits down with Seyla and Aileen Prak from Bonavest Capital for the How Did They Do It? Podcast and talks about how to close deals in less than [...]
Gelt Financial, LLC was pleased to provide a $1,800,000.00 non-recourse first mortgage financing to a local non-profit owner of a retail shopping center in Philadelphia. The property is a neighborhood [...]
Gelt Financial, LLC just closed a commercial mortgage with a 30-year amortization. This borrower was unable to obtain traditional bank financing because of a personal IRS tax lien, With the [...]
DEAL CLOSED IN LAKE WORTH, FLORIDA! Gelt Financial is excited to announce we just closed on a $900K First Mortgage on a retail strip center in South Florida. The [...]
Karen Huller of Epic Career tales interviews H. Jack Miller about his 30-year long career and some of the ups and downs that came along with it. How he overcame [...]
ANOTHER DEAL DONE! Gelt Financial recently closed on a purchase of a non-performing loan collateralized by a medical office building in Tampa, FL. The note was purchased at PAR [...]
We are pleased to provide financing for a real estate investor on a cash-out refinance on an investment property in Pennsylvania. The borrower cashed out to pay tax liens as [...]
Gelt Financial, was pleased to provide 100% of the financing to a new investor who found a great deal on a single-family property in Coral Gables, Florida, in need of [...]
Rehab Refinance investment property in Baltimore, Maryland. Several investors owned the property and ran short of capital to fix up the property and complete the job. Gelt Financial, provided them [...]
As prices in several markets dip for the year 2019, a lot of people are reminded about companies going bankrupt. Consumers are not the only ones affected by this - [...]
Gelt Financial has provided a First Mortgage on a multifamily investment property in Brooklyn, NY. "Gelt is flexible with how we structure deals, giving us a real edge in providing [...]
Gelt Financial, LLC approved a “DIP” Debtor in Possession first mortgage on a health care facility in New England. Over the years Gelt has developed a specialty in helping owners [...]
JUST CLOSED IN CHATTANOOGA, TENNESSEE + MACON, GEORGIA + DANVILLE, ILLINOIS! Gelt Financial is pleased to announce that they recently closed a $4.3MM First Mortgage on a NNN Portfolio [...]
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 [...]
30 Year Term/No Ballon Cash out Quick Closing and Approvals
Purchasing distressed debt, also known as buying non-performing loans, can be a profitable investment strategy for those willing to take on the risk. Distressed debt refers to loans that [...]
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 [...]
A closed first mortgage in Atlantic City, New Jersey, Mixed-use, no income verification mortgage. Self-employed business owner. When your bank says No, we say Yes. Contact us on 561-221-0900 or [...]
Here is what you can do DOWN BUT NOT OUT A distressed property is one that is one that is under foreclosure. Commercial properties such as self-storage centers stand [...]
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 [...]
Real estate investors can make a lot of money with fix-and-flip rehab investing, but they also can lose a lot of money. Jack and Marcy talk about their experience of doing [...]
Jack and Marcy go into details and talk about Whats needed to have a 4 day closing on a investment or commercial mortgage. It happens all of the time, but all [...]
Questions from a Mortgage Broker on closing a commercial mortgage quickly. How to best prepare for a fast closing. "Jack: Okay, Marcy Berger, we're recording. First, like our YouTube channel and [...]
Gelt provides Condo and HOA Association Financing when banks won't. Typically banks wont deal with small associations, high delinquency, low reserves or high investor condensations as well as other reasons and [...]
In the video, Jack discusses "daisy chains" in mortgage brokering. It involves multiple brokers passing on potential borrowers, but very few of these deals actually close, leading to wasted time and [...]
Jack Miller speaks to mortgage brokers and talks about doing business together and some things to know.
Jack Miller and Marcy talk little about how real estate investors and mortgages brokers might want to ask for 100% financing? Its best to be set up for success and sometimes its [...]
We are here to help our borrowers through the financing process. When one of them was short $150,000.00 on a mixed-use property, we lent them the additional money. One of the many [...]
In C Store Commercial Mortgage Closed, Atlanta Georgia it discusses about a commercial mortgage deal for a convenience store (c-store) located near Atlanta, Georgia. It features the c-store owned by a [...]
Gelt Financial closes a rehab mortgage to finish a property in Birmingham, Alabama. "Jack: Hello, this is Jack and Marcy at Gelt. Anyway, okay, new closing property in Birmingham, Alabama. Tell [...]
Gelt just provided a experienced real estate investors and repeat borrower of Gelt's financing on land in Miami, Florida that's zoned for 9 units. "Jack: We're on. Marcy: Hi, how are [...]
Jack and Marcy talk about some of the differences between being a residential and commercial mortgage brokers. "Marcy: Hi, it's Jack and Marcy. What are we going to talk about today? [...]
Gelt is excited to partner with a local real estate investor. We provided 100% debt and equity in a deal where we purchased an office building and leased it out to [...]
Some commonsense mortgage broker tips. Remember, when your bank says NO, we say YES! "Marcy: Hi, it's Marcy, and Jack from Gelt Financial. Jack: So our tip of the day for [...]
Gelt Financial is lending and busy, while the secondary market is almost shut down and a lot of other lenders are not lending. We are busy providing commercial and investment mortgages [...]
We made this for our borrowers and mortgage brokers, we all know in life things do not always go as planned or smoothly. We are here to help and work with [...]
The video explains the definition of Note on Note Financing. It is the practice of buying and selling notes, typically related to mortgages and debts. Investors look for discounts and consider [...]
Jack Miller and Marcy talk about how to value commercial and investment real estate. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, [...]
Gelt Financial closes a purchase of a Gas station/ C store in Ohio. "Jack: This is Jack, and Marcy, new socially distanced closing, a gas station in Ohio—Steubenville. I've actually been [...]
Understand your deal and what types of deals your lenders do is important to being a successful mortgage broker.
Jack Miller gives an example of an interesting and creative deal. It was a TIC roll up where our borrower/partner made a lot of money using our money. "Hey Larry, this is [...]
Markets and the needs of borrowers are always changing, in order for a mortgage broker to survive and serve the needs of borrowers, they need to pivot. Foreclosure bailout loans and [...]
Jack Miller discusses financing and buying real estate at auctions. He advises caution, emphasizing the need for thorough planning, due diligence, and having financing in place. He also mentions that auctions can [...]
In every market, there is an opportunity; we lay out some ways people are taking advantage of this real estate market using financing. We want to help investors Make money using our [...]