Closed Mortgage Purchase and Rehab Fix and Hold
Rehab Fix and Hold
Gelt is pleased to have closed a mortgage to a local real estate investors in Haverstraw, Part of Rockland County, New York. We provided the investor with the capital to purchase the property and fix it up to lease out (Rehab fix and hold).
We approved the deal the same day we were presented it and was ready to close within a few business days of seeing the deal, due to issues with the title. But we were ready.
According to Jack Miller, Gelt’s President and Founder when the mortgage broker called on I think a Thursday and said can you close the deal Tuesday, the broker thought I was nuts when I said we can.
CONTACT US if you need private funding for your next real estate deal!
Private Money Lender – Related posts
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 [...]
JUST CLOSED! Gelt Financial just funded a $750K purchase loan for a cannabis dispensary conversion in Marlton, NJ. With 34% LTV, the borrower, who holds a cannabis license, is [...]
An email we just received from a mortgage broker.. We love working with mortgage brokers and have some so for 30 years. Dear Jack and Marcy, All too often it [...]
The real estate industry has been on the rise for almost a decade now, and it continues to grow thanks to the booming economy. But [...]
JUST CLOSED IN BOCA RATON, FLORIDA! Gelt Financial is proud to announce we just closed a $400k single-family construction loan in Boca Raton, FL. A mortgage broker sought a [...]
Closed Loan, Philadelphia the home of the Super Bowl Champion Eagles, vacant Mixed-use property, the buyer was purchasing to fix up and rent out. When your bank says No, we [...]
JUST CLOSED IN BRADENTON, FLORIDA! Gelt Financial closed a $220K First Mortgage on a single-family investment property in Bradenton, FL. Our client needed a fix-and-flip loan with short-term financing [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the Benzinga article "How Many Months of Bank Statements for a Mortgage Are Needed?" [...]
DEAL CLOSED IN ATLANTA, GEORGIA IN FOUR BUSINESS DAYS! Gelt Financial closed on a $1.2MM First Mortgage in Atlanta, GA. This office building was in a highly desired location, [...]
Benefits of using a joint venture equity partner to buy real estate: Using a joint venture equity partner can provide several benefits for real estate investors. Here are some of [...]
Gelt Financial has provided a First Mortgage on a Single Family Investment Property in Boise, ID. "Gelt is flexible with how we structure deals and that gives us a real [...]
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 [...]
No Income Commercial Mortgage Closed By Gelt Financial Small commercial no income verification purchase mortgage for the owner of a small business, 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 [...]
Cash Out Refinancing Gelt Financial, LLC was pleased to provide first mortgage cash-out financing for this owner-occupied restaurant in Grand Rapids, Michigan. A mortgage broker brought us this deal. It's [...]
"Jack, Congratulations to the Gelt Team! Felix is a keeper!!! Most definitely, you will see more deals from my company."
We were very pleased and excited to provide first mortgage purchase money financing to a hard working businessman who managed the business and got the opportunity to purchase it, using [...]
We offer no income verification mortgages on commercial and residential investment properties, 30 year amortizations with no balloons, loans up to 5 Million.
CLOSED! Gelt Financial is excited to announce the closing of a $500,000 loan for a Pheonix, AZ 99-unit Co-Op association to replace all the property's air conditioning units. After [...]
Gelt Financial arranged to finance for clients that own a 34-unit multi-family apartment near Pittsburgh, PA. The loan enabled the client to pay off a higher-interest loan and receive [...]
JUST CLOSED! Congratulations to our client on securing $328,250 for a Sale-Leaseback transaction on a ready-to-rent townhome in Atlanta, GA. The loan was structured at 65% LTV, providing the [...]
Another successful deal was closed by Gelt Financial! We’re excited to announce the closing of a $300K cash-out refinance for a medical office in Baton Rouge, LA. This property, [...]
Just Closed! Gelt Financial has successfully closed a $715,000 blanket refinance for three single-family homes in Vero Beach, FL. The properties, all located in the same neighborhood, were refinanced at [...]
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, [...]
Jack Miller and Marcy Berger talk about Residential Mortgage Originators and brokers getting into commercial Mortgages. How hard or easy is it? What are the differences? What do you need to know? [...]
Gelt Financial closes a refinance on investment condominium in Jersey City, NJ. "Jack: Hello, this is Jack and Marcy again, here to tell you about a loan. A loan we just [...]
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 [...]
Gelt is excited to provide first mortgage financing for an local real estate investor in Idaho on a single family dwelling. This was done under as a very limited documentation mortgage [...]
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 Closed a first mortgages on 7 residential Investment condo's in Orlando, FL, No appraisal and a cash out on a commercial building in Des Moine, Iowa. Both deals came from [...]
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 Financial provides First Mortgages on Single or Multi family residential Investment Properties that are being purchased to flip or to fix up and lease out. Gelt usually closes them very [...]
Markets are always changing and moving in order to survive Mortgage brokers need to pivot to what they can close and make money with. Condominium Association loans is an excellent way [...]
Jack Miller advises mortgage brokers on everything they should have ready and provide to lenders to get their loans closed FASTER.
Gelt Financial, LLC just closed a $1,000,000.00 first mortgage on a Building leased to Wendy's in TN. This was closed without an appraisal and within a week, the borrower needed a [...]
Why do Professional athletes come to Gelt Financial to borrow money? We dive into it.....
Gelt Financial just closed a commercial office bridge loan in Orlando, Florida in 4-5 working days, When Gparancy contacted us and told us this was a super rush deal, we did it. [...]
Super Rush Closing to save the day. "Jack: Okay, Michael Kelman, tell everyone exactly what happened. Don't spare anything in the last 10 minutes. Michael: We have a broker who has [...]
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages.
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages."Marcy: Hi Jack.Jack: Marcy, we just closed a couple of deals, but one, in particular, closed in. It came in [...]
Jack, discusses his experience in providing fix and flip and rehab loans for real estate investors. He shares a story about a challenging time during a market crash in 1991 when [...]
Gelt Financial provides non QM mortgages on residential investment properties. Hear more from Jack and Michael on how to get started. When your bank says NO, we say YES! "Jack: Michael, [...]
Gelt just closed on a Debtor in Possession for a nonprofit in Chapter 11 Bankruptcy in Boca Raton, Florida. Hear how it all went down from our expert team! "Marcy: Hi, [...]
Jack Miller Gelt Financial's founder talks about how to become a commercial mortgage broker. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we [...]
Jack Miller gives a little background on what a Loan Loss reserve or an Allowance for a loan loss reserve is in lending. "Hi, this is Jack Miller. I want to [...]
Gelt Financial closed a 1st mortgage cannabis dispensary in NJ for a cash out refinance to fix up the property, no appraisal or income verification. When your bank says NO, we [...]
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 [...]
Gelt Financial just closed a collateral-only first mortgage on a commercial property in Fort Lauderdale, FL, within 10 days. "Marcy: Hi, this is Marcy and Michael, and we're going to talk [...]