Commercial Investment First Mortgage Loan closed for Borrower in Chapter 11 Bankruptcy
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 Bankruptcy. We were pleased to provide them with the financing they needed to pay off their existing lender and exit Bankruptcy. According to Jack Miller, “When I spoke to the borrowers last evening after closing, she could not stop thanking me and told me tonight will be the first night she sleeps well in years thanks to our help.”
DIP Lending, provides financing to real estate investors and companies under financial stress or in Chapter 11 Bankruptcy or planning to exit Bankruptcy. We are experts in this area and can customize our loan terms to meet any unique requirements of the borrowers.
Private Money Lender – Related posts
DEAL CLOSED IN CHICAGO, ILLINOIS! Gelt Financial just closed on a $900k Bridge-to-Agency Loan in Chicago, IL. This professional investor could not close with traditional financing from Fannie/Freddie due [...]
JUST CLOSED IN QUEENS, NEW YORK! Gelt Financial is excited to announce we closed a $300k First Mortgage on a Single Family Investment Property in Queens, NY. The borrower [...]
The benefits of using a hard money lender versus a bank: There are several benefits to using a hard money lender, also known as [...]
Whether you’re a one or two-person shop or a large, correspondent lender that lends across the state or across the country, you know there are times when you get a [...]
Gelt Financial, LLC a non-bank commercial portfolio mortgage lender who caters to commercial real estate owners and investor financing needs is pleased to launch its “Se Habla Español” campaign. According [...]
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. [...]
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 [...]
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 [...]
Just Closed in Rochester, NH! This borrower came to us in a tough spot—extremely low credit, missed payments, and no time for the usual red tape. We stepped in and [...]
JUST CLOSED IN NORTH FORK, NEW YORK!Gelt Financial is excited to announce we just closed a beautiful Single-Family Investment Property in North Fork, NY. This home is centered in picturesque [...]
30 Year Term/No Ballon Cash out Quick Closing and Approvals
There’s been a trend in real estate, and it has been in how buyers and moguls finance their investments. There is an increasing amount [...]
We are pleased to provide financing for a real estate investor on a cash-out refinance on an investment property in Pennsylvania. The borrower cashed out to pay tax liens as [...]
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 [...]
Gelt Financial Corporation just closed a no income verification first mortgage for a real estate investor in Pennsylvania on 5 rental properties, the loans were for a 30 year amortization [...]
Gelt Financial assisted the owner of a 35 unit apartment building in North Huntingdon, PA in arranging a cash-out refinance using the Freddie Mac Small Balance Loan program. The Borrower [...]
Gelt Financial has provided a First Mortgage on a multifamily investment property in Brooklyn, NY. "Gelt is flexible with how we structure deals, giving us a real edge in providing [...]
Noah Miller, Vice President of Gelt Financial LLC, was featured on Bloomberg Radio with host Matt Miller and Paul Sweeney. Miller discussed the health of the real estate market and [...]
JUST CLOSED IN MIAMI, FLORIDA! We are pleased to announce we just closed a $242,500 First Mortgage on an investment property collateralized by a condo in Brickell, the heart [...]
We are pleased to be able to arrange financing for the purchase and rehab of a 118-unit, value-added apartment complex in Decatur, GA. The borrower found a good deal and [...]
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 on a 5 unit mixed use building mortgage in the beautiful Wilmington, Delaware! Loan of $210,000 with 100% cash out, and a stated income loan program at 70% with [...]
First mortgage closed in Philadelphia on a mixed us property that the owner had purchased and needed to be fixed up. The Investor saw potential value, came to us and [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the Materials Market article "40 Financial Experts Reveal If Investing In Real Estate is Worth [...]
Marcy and Mario talked about 2 recent closings on a Mixed use property and an industrial property that we provided first mortgage debt on. "Marcy: Marcy Mario: Mario Marcy: We're here [...]
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 and Marcy talk about a 50k first mortgage Gelt Financial just closed on a Multi family property, There is almost no where for borrowers who want to borrower small amount [...]
What is a DSCR? (Debt Service Coverage Ratio). Why use it, and how is it calculated? Jack Miller of Gelt Financial LLC goes into the details and provides step-by-step detail. "Hello, [...]
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, [...]
Learn to say NO more, and you will be more focused and productive in achieving the results you want. "Jack: Okay, Jack and Marcy at Gelt Financial here. So, we want [...]
In Foreclosure Bail Out, commercial Property in Brooklyn NY, it discusses Gelt Financial's provision of foreclosure bailout loans for commercial properties in Brooklyn, New York. It emphasizes our ability to quickly [...]
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 [...]
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 just closed a note-on-note financing deal for a small commercial real estate loan in New Jersey—in under a week! No appraisal, no environmental reports, and no income verification needed. [...]
In this video, Michael discusses how Gelt Financial handles prepayment penalties on commercial mortgages. They offer a creative solution by negotiating an exit fee that allows clients to avoid paying minimum [...]
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 [...]
Real estate investors can make a lot of money with fix-and-flip rehab investing, but they also can lose a lot of money. Jack and Marcy talk about their experience of doing [...]
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 [...]
In the video Jack suggests a strategy for realtors to become real estate investors without using their own money. By rolling their commissions into investment deals, realtors can transition from being [...]
In the video, Jack explains the concept of a co-tenancy clause in a lease, particularly in retail leasing. The clause allows one tenant to terminate or modify their lease if another tenant [...]
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 [...]
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 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 [...]
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: [...]
Gelt Financial just closed two fix and hold JV equity Mortgages, were we provided 100% Financing to our partner.
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 [...]
In this video, H. Jack Miller shares common mistakes he has seen people make in real estate investing, especially with fix-and-flip projects. To succeed, you need to excel in three key [...]
What does the collapse and FDIC take over of Banks mean to our Borrowers and Mortgage Brokers? How will this effect us and you? "Marcy: Hello. Jack: Hey, we want to [...]