Closed: $700K Gas Station First Mortgage in Atlanta

By |1 min read|Published On: July 15th, 2022|

gas station sunco

JUST CLOSED IN ATLANTA, GEORGIA!

Gelt Financial is excited to announce we just closed a First Mortgage on a gas station in Atlanta, GA. Our repeat borrower is a professional investor who needed note-on-note financing. It consisted of $700k in creative financing needed to close FAST. A broker informed us that the investor purchased a non-performing loan in pre-foreclosure and needed a bridge loan to pay off the original lender. We allowed this distressed deal to be finalized with limited documentation and allowed our investor to reap the benefits. The deal came to us because the business is mostly cash-driven and relies on our broker relationships.

When your bank says NO, we say YES!

Check out more Georgia commercial hard money loans.

About Gelt Financial

Gelt Financial is a non-bank commercial real estate lender. We have closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers on all types of commercial real estate, including but not limited to multifamily, office, retail, warehouse, industrial, self-storage, and mixed-use. We offer a wide array of mortgage products including bridge loans, no income verification programs, foreclosure buy-out programs, DIP, JV Equity, and subordinate debt.

Deal directly with the decision-makers. For more info on how Gelt can help you with an investment property or on any of our other various products and services, take a look at what President Jack Miller does on Gelt’s YouTube channel and for more info on our completed deals, check our Deals Done.

Commercial Mortgage Lender – Related posts