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
Gelt Financial just closed a $125K refinance on a single-family home in Richmond, Virginia. The borrower wanted to do some light rehab before putting the property back on the [...]
JUST CLOSED IN NEW YORK CITY, NEW YORK! Gelt Financial is proud to announce we just closed a $500K second mortgage on a 40+ unit apartment building in New [...]
When it comes to saving money through real estate, leverage is an important aspect. We have worked with a number of real estate investors who fix or flip residential non-owned [...]
It would seem that the interest rate and loan terms are the most things to look for when choosing what mortgage company to go with, but the question is more [...]
Gelt Financial has successfully closed a $400K purchase loan for a beautiful one-bedroom, one-bathroom condominium unit in Miami, FL. This property, valued at $665K, is primed to become a [...]
JUST CLOSED IN BROOKLYN, NEW YORK! Gelt Financial is excited to announce the closing of a $800K first mortgage in Brooklyn, NY. The investment property was a retail building [...]
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 Willingboro, NJ! Gelt Financial just funded a $670K refinance for a unique project—a former bank being converted into a cannabis dispensary. Traditional banks wouldn’t touch the deal [...]
Debtor-in-possession financing, commonly referred to as DIP financing, is a type of financing central to companies in bankruptcy, specifically those who have filed for Chapter 11 bankruptcy protection within [...]
JUST CLOSED Cash-Out Refinance in Ramsey, New Jersey! Gelt Financial just closed on a $500k First Mortgage on an office building in Ramsey, NJ, a suburb of New York [...]
JUST CLOSED IN NASHVILLE, TENNESSEE -- ATLANTA, GEORGIA -- NORTHAMPTON, MASSACHUSETTS! Gelt Financial is pleased to announce we just closed a $3.55MM First Mortgage on a NNN Portfolio. The [...]
Loan amounts $50,000,00 and above Commercial Properties or Investment Real Estate Commonsense Underwriting- Deal with decision-makers Customized terms to meet the borrower’s needs (we can be flexible) Purchase, refinance, storied [...]
Gelt Financial's Vice President Noah Miller will be a featured panelist next week at the 6th Annual NPL, Notes & Default Servicing Forum (East) in Orlando on Monday, March 20. [...]
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 [...]
We just provided an experienced real estate investor 100% financing on a new purchase by talking an additional property as collateral, our mortgages were on two single-family properties in [...]
JUST CLOSED IN PETERSBURG, VIRGINIA! Gelt Financial is excited to announce the closing of a $150k First Mortgage in Petersburg, VA. The non-recourse loan was secured by a cash-flowing, [...]
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 [...]
Dip Lending, LLC is pleased to announce that it has just closed a commercial real estate loan first mortgage in New Jersey for a real estate investor in Chapter 11 [...]
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 [...]
Gelt Financial Announces Funding of $200,000.00 Office Building in Ohio Gelt Financial, a leading commercial real estate direct lender, today announced the closing of a $200,000 first purchase money [...]
Gelt Financial Announces Funding of $150,000 retail property in Hallandale Beach, Florida. Gelt Financial, a leading commercial real estate direct lender, announced the closing of a $150,000 cash-out refinance [...]
“Jack. Good afternoon. Thanks for getting right back to me – you are still the most responsive person I deal with and I hope we can get a deal done together [...]
How do Investors receive Quick Liquidity for real estate partnerships minority equity interests? One common investment strategy in commercial real estate is to bring multiple real estate investors together [...]
Virginia First Mortgage Purchase: Gelt Financial Announces Funding of $273,000.00 office Building in Virginia Gelt Financial, a leading commercial real estate direct lender, today announced the closing of a $273,000.00 [...]
Marcy and Jack talk about the eviction moratorium, non paying tenants and borrowing money in today's times. "Jack: Okay, we're live, Marcy. Marcy: All right, we're live. Jack: So let's continue [...]
In C Store Commercial Mortgage Closed, Atlanta Georgia it discusses about a commercial mortgage deal for a convenience store (c-store) located near Atlanta, Georgia. It features the c-store owned by a [...]
Marcy and Jack at Gelt Financial, LLC, nonbank commercial portfolio lenders, talk about the best way for a mortgage broker to submit and close a deal. Gelt offers financing to real estate [...]
Why use a private lender? When to use a Private lender? "Marcy: Hi! Mortgage tip of the day! Jack: Mortgage tip of the day! Jack and Marcy at Gelt Financial. First, like [...]
Jack Miller goes into detail on why real estate investing is the best inflation hedge and investment. He goes over it step by step. "Hello, this is Jack Miller. I hope [...]
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 [...]
Jack Miller talks about what a Break up fee is and why and how it comes into play. "Hi, this is Jack Miller from Gelt Financial. I hope you're having a [...]
Jack Miller gives a explanation on what an exit fee is. "Hello, this is Jack Miller at Gelt Financial. Hope you're having a fantastic day. We get a question a lot, and [...]
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 [...]
At Gelt Financial, you will deal with a decision maker who can approve and close your commercial on investment mortgage fast with great flexibility. "Marcy: Hi, now we're here. Jack: Marcy [...]
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 [...]
We want to make the closing process as smooth as possible for you and get you to closing when you want to. Here are some tips on ensuring a smooth process."Jack: Hi, [...]
Proud to have financed an owner-occupied day care center in Philadelphia! At Gelt Financial, we’re committed to helping small business owners achieve their dreams with flexible financing options tailored to your [...]
Gelt financial closes a commercial office building in Atlanta Georgia for the owner of a new business in 4 working days after the bank said no at the 23rd hour. "Jack: [...]
Jack talks about a loan that Gelt Financial just approved and what the loan to value is.
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 [...]
Marcy and Jack talk about a new closing on a day care center in Georgia. "Jack: I think we're on. Hello, this is Jack Miller, and this is Marcy Berger. How's [...]
Gelt is excited to provide first mortgage financing for the owners of a multi family property in Brooklyn, NY. This property was inherited with a balloon loan that was in default. [...]
Gelt is always changing, evolving to improve, our products & meet needs CRE Investors & Biz Borrowers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank [...]
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 [...]
First Mortgage Commercial Mortgages on an owner occupied restaurant in Illinois. No income verification. "Video Title: First Mortgage Financing on Owner Occupied Restaurant in Illinois Speaker: Jack Miller and Marcy Berger [...]
Real estate investors, DON'T depend on anyone else when doing your background or due diligence for your real estate projects. This can backfire on you or cause complications. "Hey, this is [...]
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 is now lending on Cannabis properties."Marcy: Hi, it's Marcy.Mario: It's Mario.Jack: It's Jack from Gelt Financial.Marcy: We're doing a shoutout today for cannabis.Mario: Oh, yay, cannabis. So, we're now supporting all [...]