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 and buildout costs. The dispensary was an owner-occupied, investment property and fitted for the tenant’s use for their cannabis business. Limited documentation loan. No credit verification. Short-term financing. We provided private financing with a quick closing under one week.
Cannabis is a fast-growing industry in need of mortgage financing and Gelt Financial is here to help! We are doing mortgages on acquisitions as well as rehab and build outs for cannabis dispensaries across the country.
Do you need private funding to secure a property related to the cannabis industry? When your bank says NO, we say YES!
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.