Closed: $450K First Mortgage in Brooklyn, NY
JUST CLOSED IN BROOKLYN, NEW YORK!
Gelt Financial is proud to announce we just closed a $450K First Mortgage on a mixed-use property in Brooklyn, NY. The building was cash-flowing and being used as an investment property. We provided a cash-out refinance to pay off their remaining debt. This was a short-term, non recourse loan. No income verification required. No credit verification required. We had the deal approved within hours and it closed quickly.
Gelt does not shy away from complicated and difficult financing situations. We work with clients who would not qualify for traditional bank financing due to quick closing, poor credit, not enough documentation, or other challenging situations. When your bank says NO, we say YES!
View other closed <a role=”link” title=”Hard Money Loans Brooklyn, New York” href=”https://geltfinancial.com/hard-money-loan/new-york/brooklyn/”>hard money loans in Brooklyn, NY</a>.
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We 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.
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 on Gelt’s YouTube channel and for more info on our completed deals, check our Deals Done.
Private Money Lender – Related posts
JUST CLOSED IN CITRUS SPRINGS, FLORIDA! Gelt Financial just closed a $225K First Mortgage on an owner-occupied restaurant in Citrus Springs, FL. Our borrower bought both the restaurant and [...]
Gelt closed a first mortgage for an investor with the purchase of 6 condominiums all located in the same community. Instead of buying each unit individually, we were able to [...]
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 [...]
JUST CLOSED IN DAYTON, OHIO! Gelt Financial just closed a $115K First Mortgage on a retail/office building in Dayton, OH. This small-balance mortgage used Gelt's funding to purchase two [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the feature "13 Best Ways How To Find Foreclosures to Get a List of [...]
Granite City, IL- We did the loan solely on the property 24-month term. Mixed Use property refinance Non-U.S. resident credit Foreign national Lives and works overseas No credit No personal [...]
Chicago suburbs, the mixed-use property being purchased by an attorney at a discount price. We provided the first mortgage under our no income qualification program. Gelt Financial, is a private [...]
Here Are A Few Likes and Dislikes For Mortgage Brokers Dislikes Sorry we do not lend on land or development deals (it's not that we dislike these it's we don’t [...]
Jack Miller, President of Gelt Financial, LLC talks to Professor George Selgin, Director of the Cato Institute's Center for Monetary and Financial Alternatives. Author and world-known economics expert join us [...]
Georgia Retail First Mortgage: Gelt Financial LLC has provided a First Mortgage loan on a 15,000 SF retail strip center in Augusta, GA. Gelt is flexible with how we structure [...]
What is it and when should an investor use it to their advantage? The Blanket Loan is a single loan that is collateralized by multiple individual properties. This is [...]
Mezzanine financing is a type of capital that is used to finance a variety of different types of commercial real estate projects. Unlike traditional loans, which are secured by [...]
Closed loan- We were able to help this borrower obtain a cash-out refinance on his mixed-use building in Philadelphia PA. The borrower was able to pay off his higher interest [...]
Gelt Financial is excited to announce we just closed on a $1.6MM mezzanine loan on a 60k SF office building in Houston, TX. The capital provided by Gelt will [...]
Gelt Financial, LLC is pleased to have closed two small multi-family mortgages for a real estate investor who needed the cash out to use on another property.
If your bank can't help you, we can. We specialize in mortgages that banks won't do. We use commonsense underwriting and offer flexible terms. Quick approvals and closing. [...]
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 [...]
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 [...]
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 closed a first mortgage on a mobile home Park in Clio, Michigan. It has 70 units, is not stabilized and we provided financing to clean up, expand and [...]
Gelt Financial, LLC recently closed a blanket mortgage on three retail properties in foreclosure, though a series of bank mergers the latest bank put this paying loan in default [...]
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 [...]
Gelt Financial is a top hard money lender that is known for its ability to close loans quickly, often in just a few weeks. Unlike traditional lenders, who often require [...]
Another deal done! 👊 Gelt Financial just closed on a $400k mezzanine loan on a multifamily building in Tampa, FL. To learn more about Gelt Financial’s lending capabilities and [...]
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 [...]
Closed First Mortgage on a Restaurant Bar in Philadelphia. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: Hey, [...]
Gelt Closed a first mortgage on a single family investment property. "Jack: Hi, this is Jack, and this is Marcy. We're social distancing at Gelt Financial. I hope everyone is having [...]
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 [...]
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 [...]
Jack Miller goes over why commercial banks will call in or default on a commercial mortgage loan even when the loan holder is on-time with the payments. "Hi, this is Jack [...]
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. [...]
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 has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES. "Jack: So, what— a little interview. Marcy: Sure. Jack: A little [...]
Jack Miller talks about 4 easy and tried and true ways to get 100% financing on commercial and or investment real estate. "Hi, this is Jack Miller from Gelt Financial. I [...]
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 [...]
Jack and Marcy share some real-life tips for commercial Mortgage Brokers: "Jack: Okay, we're starting; we're improvising here. Marcy: Yes, because we have had mechanical problems this morning. Jack: I'm embarrassed [...]
Marcy and Jack talked about a bridge Mortgage loan that just closed on a single-tenant Humana Healthcare leased property while doing some social distancing. "Jack: Hello! this is Jack, (*Hi! *) that's [...]
In this video, Jack and Marcy discuss a commercial mortgage loan deal that did not close and the reasons behind it. The property was good and had a great location, but [...]
Gelt closes collateral based first mortgage in San Antonio, Texas. Brought to us by a mortgage broker, closed very fast. "Jack: Okay, Marcy Berger, the angle is perfect. We're making this [...]
We just provided with a experienced investors 4.3 Million bridge Mortgage on 3 credit tenant deals as part of a 1031 Transaction. This borrower will refinance with a bank, but a [...]
Gelt Financial provided a new first mortgage foreclosure bailout loan on a mixed use property ion Brooklyn, NY. The mortgage broker called us and we approved and close the loan without [...]
Gelt Financial does the processing for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES!
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 [...]
Jack Miller, being in the lending business for over 35 years, tells commercial mortgage brokers the number one thing they need to know and do to succeed. "Hello, this is Jack [...]
Gelt Financial helped an Auto Body Shop in St Louis, Missouri with credit challenges with a no-income qualification mortgage with a 3-year term. "Hello, this is Jack Miller of Gelt Financial. I [...]
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 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 [...]
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 [...]
