Closed: $700K Gas Station First Mortgage in Atlanta
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.
Private Money Lender – Related posts
ANOTHER DEAL DONE! Gelt Financial recently closed a $185K First Mortgage in Cleveland, OH, on an owner-occupied warehouse. Gelt does not shy away from complicated financing situations. We work [...]
Gelt Financial Announces Funding of $3,000,000 Multifamily Bridge Loan Company Debuts in Columbus Ohio, Announces Aggressive Q4 Growth Plans Across the U.S. DELRAY BEACH, FL (Sept. 9, 2020) – Gelt [...]
Gelt Financial just closed a $250K cash-out refi for a Strip Center in North Tonawanda, NY. The purchase was conveniently located near Niagara Falls and featured a large parking [...]
Gelt Financial has just closed a blanket loan on owner-occupied gas stations and C-stores in New Jersey. The current Bank called the loan due and put them in foreclosure and [...]
Gelt Financial, LLC was please to provide a real estate investor with a $150,000.00 first mortgage refinancing on a residential investment condominium in Jersey City, New Jersey. This is another [...]
What is an Exit Fee? An exit fee, a mortgage exit fee, or a loan exit fee is most often used in a commercial mortgage or loan, and it's a [...]
Gelt Financial is pleased to announce we just closed a $4.3MM First Mortgage on a NNN Portfolio. The 1031 transaction included three properties in Chattanooga, TN, Macon, GA and [...]
JUST CLOSED IN WASHINGTON, D.C.! Gelt Financial just closed a $480K First Mortgage on a daycare center in Washington, D.C. metro area. This deal closed in just two weeks. [...]
Written by Beth Mattson-Teig of WealthManagement.com contributing expert Gelt Financial The increased capital flowing to the preferred equity space far outweighs the volume of available deals. Real estate investors looking [...]
As Yields Tighten, More Real Estate Investors Are Exploring Preferred Equity DealsThe increased capital flowing to the preferred equity space far outweighs the volume of available deals.Beth Mattson-Teig | Jul 19, 2021Real [...]
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 [...]
Great news for our clients! We are excited to announce the successful closing of a $385K mortgage on an investment condo in West New York, New Jersey. This deal was [...]
Gelt Financial, LLC a non-bank commercial portfolio mortgage lender who caters to commercial real estate owners and investor financing needs is pleased to launch its “Se Habla Español” campaign. According [...]
Private money lenders are the secret weapon among commercial real estate investors and the reason behind the thriving commercial mortgage industry. Bridge loans and bridge mortgages play a critical [...]
Gelt Financial just closed a $200K First Mortgage on an owner-occupied retail building in Lubbock, Texas. This borrower reached out to our expert loan originators to close the deal quickly.Gelt [...]
Jack Miller is pleased to speak and take part in a panel discussion “Critical Capital Markets Updates and Office Market Strategies" at the 3rd Annual New Jersey Office Summit Iselin, New [...]
Jack attended the Crittenden Financing Conference in Miami, Fl September of 2018 and was there meeting with industry leaders, people speaking about the latest trends, challenges, and opportunities with his [...]
CLOSED IN FOUR BUSINESS DAYS!Gelt Financial is excited to announce we just closed a $600K First Mortgage on an investment condo in Daytona Beach, FL. This project was creative financing [...]
Gelt Financial is a leading provider of DIP loans, also known as debtor-in-possession loans. We offer DIP loans between $100,000 and $3,000,000 to help businesses continue operations and achieve financial stability [...]
JUST CLOSED IN NEW JERSEY! Gelt Financial just closed an $800K First Mortgage on a cannabis dispensary in New Jersey. We provided cash-out refinancing to fund the borrower's rehab [...]
Gelt Financial, LLC is pleased to announce that is has purchased the debt of two Multi Family mortgages that are in Chapter 11 Bankruptcy. According to Jack Miller, Gelt’s president, [...]
Deal Closed! Gelt Financial helped secure a $60K First Mortgage on an Office Building in the bustling and vibrant city of Kansas City, MO! At Gelt Financial, we take [...]
Gelt Financial just closed and funded a first mortgage on a 7-unit condo Portfolio in Orlando, Florida. The buyer was a first-time investor who could not obtain financing through a [...]
Gelt Financial has closed a First Mortgage Refinance on a convenience store in Charleston, SC. The property has been owned by a successful operator and they needed to refinance out [...]
Jack and Marcy talk about what is a re trade in commercial and investment real estate? Why and when does this happen? What does it mean to you? "Marcy: Hi, we're [...]
Part 2: Do you have what it takes to be a Mortgage Broker- Commercial or Residential? "Hello, this is Jack Miller from Gelt Financial again. I made a video the other [...]
What is a LTV Loan to Value and how do we calculate it? This is not a cut and dry question. "Marcy: Hey Jack Jack: Hey Marcy, let's talk today about [...]
In the video, Jack shares a valuable tip for investors: many people and businesses fail because they take on too much and lose focus. He advises caution, emphasizing the importance of [...]
Gelt Financial closes a refinance on 2 auto related properties in Ohio, while the borrower was in Chapter 13. "Marcy: Hi, it's us again. Jack: It's us, this is Jack and [...]
In the video, Jack shares valuable tips on the importance of paying attention to the details when investing in real estate. He emphasizes the need for personal involvement in conducting due [...]
Jack Miller gives some tips for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Hey, hope you're [...]
We completed a mixed-use property first mortgage refinance for a non-U.S. resident who is a foreign national and lives and works overseas. He has no credit or no personal income. We did [...]
Gelt Financial, LLC is pleased to announce and start to offer a second mortgage program on some income producing properties where we are offering a first mortgage on of 5% of [...]
This video presents a real estate investor who purchased an office building using tax liens. Gelt Financial provided collateral-based financing without personal income verification or appraisal. The deal was closed quickly, [...]
Mortgage and Real Estate Professional Tip: If you have a corporate entity like an LLC or Corporation, get your documents in order prior to trying to refinance or sell a property, [...]
In the video Jack explains the concept of phantom income in real estate investing. Phantom income refers to situations where investors may not receive cash distributions despite owning a share of [...]
Gelt Financial provided $500,000 as a first mortgage on an office Condominium in Orlando Florida, No appraisal, No income, No Credit, No Recourse financing. fast approval and closing. Gelt has been [...]
Gelt just closed on a Bridge to Agency short term mortgage solution on Multi Family in Chicago, we were called to private quick financing when it was clear the the permeant [...]
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, LLC just closed a $50,000.00 first mortgage on an office building in Kansas City, for a real estate investor. Gelt focuses on closing small commerical and investment mortgages. "Jack: [...]
Mobile Home Park closes, in Long Island, NY Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: This is [...]
A must-watch for everyone who wants to be a commercial mortgage broker or who is one. A simple, easy tool that everyone should have and is easy to get. What do you [...]
Jack Miller gives explains what is a Cap rate and how do I use it in Commercial Real Estate. "Hello, I hope you're having a great day. This is Jack Miller [...]
Jack Miller talks about what he leaned by making Toast? How good things take time and effort before you see the results. "Hey, this is Jack Miller. I hope you're having [...]
Everyone has challenges at some point or another in their life; each of our challenges is different, but in today's times, a lot of people are falling behind on their mortgages [...]
Jack Miller speaks to mortgage brokers and talks about doing business together and some things to know.
Jack and Marcy go into detail on how to get 100% financing on Commercial and investment real estate. There is a lot of talk about this, but we drill down and [...]
JUST CLOSED! Gelt just closed on a non arms length foreclosure bail out mortgage in a Suburb's of Philadelphia. Pa Hear how it all went down from our expert team! "Jack: Michael [...]
