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
If you’re looking to sell non-performing mortgages, Gelt Financial, LLC is an experienced, well‑capitalized buyer that moves quickly and closes with certainty. Gelt Financial recently purchased a non-performing first [...]
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 [...]
Just Closed! Gelt Financial just funded a $360K refinance for a single-family home in Bonita Springs, Florida—a market that continues to grow and appreciate. This loan came together [...]
We are excited to announce a closing under our new Small First Mortgage Lending Program of a $75,000 first mortgage on a day care center in the suburbs of Philadelphia. [...]
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 [...]
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 [...]
I'm often asked, “How do I become a commercial mortgage broker? What's involved with the process?” Given the popularity of these questions, I thought I [...]
In this Realtor.com article, real estate experts, including Gelt Financial, weigh in on the lasting lessons from the 2008 housing market crash. Gelt Financial President Jack Miller shares insights [...]
We were able to assist a borrower with cash-out refinance out on his 3 unit medical office building in Green Bay, WI with limited documentation. The building has 3 units [...]
JUST CLOSED IN FORT LAUDERDALE, FLORIDA! Gelt Financial is excited to announce we just closed a $1.4MM non-performing note purchase on an office building in Fort Lauderdale, FL. The [...]
Gelt loves working with mortgage brokers, and closing commercial and real estate investment mortgages, we do some creative and challenging deals and we love and take pride in the deep [...]
When it comes to financing for commercial real estate investments, borrowers have two main options: traditional bank loans and private lenders, including hard money lenders. While both options have their pros and [...]
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 [...]
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 [...]
We are loving #Nashville, TN, we just closed an $801,000.00 loan on a retail strip center at 100% loan to cost for an experienced real estate investor. We are fast and [...]
Jack Miller sits down with Seyla and Aileen Prak from Bonavest Capital for the How Did They Do It? Podcast and talks about how to close deals in less than [...]
ROOM FOR IMPROVEMENT Your hotel is financially distressed and the bank can come to collect. Fortunately, all is not lost. Getting the distressed property off your hands might make sense [...]
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 [...]
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 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?" [...]
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. [...]
JUST CLOSED IN DELAWARE! Gelt Financial, LLC and QuickLiquidity provided $500,000 in bridge financing to a highly experienced developer & investor on a 192-unit multifamily property in Delaware. The [...]
Gelt Financial buying distressed debt on commercial real estate between the loan sizes of $100,000 and $5MM Are you a lender looking to sell your distressed commercial real estate debt? [...]
We were excited to close the first mortgage on a value add property in Jackson, MS. This was brought to us by a mortgage broker, the property was partially [...]
Jack Miller talks about surviving a down term. How he survived numerous downturns and reinvested the company. What he learned along the way. "Well, this is Jack Miller. I hope this [...]
Jack and Marcy talk and debunk 5 common myths in hard money and private mortgage. Maybe people would be surprised at how useful hard money lenders are to real estate investors. [...]
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 some situations, Gelt Financial does not require a credit report on residential investment property financing and small commercial Mortgage Financing. Gelt has been helping commercial real estate and investment borrowers [...]
Gelt is excited to provide first mortgage financing for an owner of a business who purchased a home for his employee's to live in. The buyer owned several restaurant business with [...]
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 [...]
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 [...]
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 [...]
Gelt Financial just closed a fast and easy mortgage for a cannabis retail property in New Jersey. If you’re looking for reliable financing for your cannabis real estate investment, we’ve got [...]
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 [...]
In the video Jack shares his experience in real estate investing and the importance of long-term strategies. He mentioned that real estate is not always a quick way to make money, [...]
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 Financial closed a 1st mortgage rehab loan in Virginia for a cash out refinance to fix up the property, no appraisal or income verification.
Jack Miller asks whether you are cut out to be a commercial or residential mortgage broker. What skills do you need? Do you have them? "Hello, this is Jack Miller at [...]
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, [...]
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 [...]
In the video, Jack explains the difference between recourse and non-recourse loans. Recourse loans involve personal guarantees, making the borrower liable if the property can't cover the debt. Non-recourse loans, on [...]
Jack and Marcy talk to Mortgage Brokers and give tips on closing more deals. "Jack: Jack and Marcy at Gelt Financial. Marcy: How are you guys today? Jack: Hopefully, you're having [...]
Gelt Financial provides a First Mortgage on a Fire damaged Investment property in Baton Rough, LA.
Gelt Provided 100% financing of the sales price on an office Building In Illinois. No appraisal, quick close deal. No appraisal, rush deals, bank and other lender turndowns, and much more [...]
Jack and Marcy of Gelt Financial are back with another success story. We helped a client in Vineland, New Jersey with a joint venture equity loan and provided 100% of the [...]
Educational video on what's a draw schedule, how do they work, why a lender does it and how it protects the borrower on rehab or construction lending. "Marcy: Hello. Jack: Anyway, [...]
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 [...]
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: [...]