Closed: $480K First Mortgage in Washington DC
JUST CLOSED IN WASHINGTON, D.C.!
Gelt Financial just closed a $480K First Mortgage on a daycare center in Washington, D.C. metro area. This deal closed in just two weeks.
Gelt does not shy away from complicated and difficult financing situations. We work with clients who would not qualify for traditional bank financing due to quick closing, poor credit, not enough documentation, or other challenging situations. When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender in Washington, DC. 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.
Private Money Lender – Related posts
Here Are A Few Likes and Dislikes For Mortgage Brokers Dislikes Sorry we do not lend on land or development deals (it's not that we dislike these it's we don’t [...]
Gelt Financial is excited to announce we just closed on a $225k first mortgage on a condo in Miami, FL. Talk about a breathtaking property! Discover more closed commercial [...]
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 [...]
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 [...]
Gelt Financial is thrilled to announce that we have successfully closed a $230K first mortgage on a car wash purchase in Charleston, SC. This incredible deal was completed in [...]
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 [...]
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?" [...]
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 [...]
Closed loan on a Mixed-use property. We financed this borrower one year ago right out of bankruptcy with a one-year term loan, now they have reestablished their credit and we [...]
JUST CLOSED IN ATLANTIC CITY, NEW JERSEY! We have a story for you. An American Dream come true. Last week we received a $65k payoff from a family who [...]
If you own a commercial or investment property and want to borrow less than $150,000.00, you have limited choices. Most go to costly merchant cash advance loans that charge 60% [...]
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 [...]
Just Closed! Gelt Financial just funded a $315K refinance cash-out for a multi-tenant retail center in Middleton, Wisconsin. This was a property-only qualification loan on a value-add project. The [...]
Chicago suburbs, the mixed-use property being purchased by an attorney at a discount price. We provided the first mortgage under our no income qualification program. Gelt Financial, is a private [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the Bankrate article "What Is A Private Mortgage Lender?" What Is A Private Mortgage [...]
We are pleased to announce a loan closing on an office building in the suburbs of Philadelphia. Our loan paid off a bridge loan with a 30 year fixed rate [...]
Gelt Financial providing loans to HOAs for required repairs and reserves between $100,000 and $3MM Gelt Financial is a leading provider of loans to homeowner’s associations (HOAs) for required repairs and [...]
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 [...]
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 president H. Jack Miller was recently featured as a real estate expert in the BiggerPockets article "Everything Around It is Collapsing, But This One Last Property Type Remains [...]
ANOTHER DEAL DONE! Gelt Financial recently closed on a purchase of a non-performing loan collateralized by a medical office building in Tampa, FL. The note was purchased at PAR [...]
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 [...]
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 [...]
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 [...]
Another deal closed! Gelt Financial discusses their recent closed loan on a 400k second mortgage in Tampa, FL. No appraisal, 85% debt. Interest only, short term, six month deal. We focused [...]
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 [...]
Jack Miller tells a private lender story, about a hard working borrower who owns a restaurant, was struggling with employees, could not get financing and is building the American dream. "Hi, I [...]
Jack and Marcy talk about what is a re trade in commercial and investment real estate? Why and when does this happen? What does it mean to you? "Marcy: Hi, we're [...]
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 [...]
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 [...]
Small Business Owner Occupied First Mortgage, provided by Gelt Financial. "Marcy: Hey Jack. Jack: Okay Marcy, so anyway, owner-occupied business, tell everyone about it. You know the details of this? Marcy: [...]
Gelt closes collateral based first mortgage in San Antonio, Texas. Brought to us by a mortgage broker, closed very fast. "Jack: Okay, Marcy Berger, the angle is perfect. We're making this [...]
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 [...]
Gelt Financial closes a purchase of a Gas station/ C store in Ohio. "Jack: This is Jack, and Marcy, new socially distanced closing, a gas station in Ohio—Steubenville. I've actually been [...]
Jack Miller goes over the Mortgage Brokers' Commissions, Mortgage Broker Fee Income, and more
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. [...]
Gelt closes on a first mortgage cash out refinancing for $300,000.00 on a strip of stores in Detroit. "Jack: Hello, everyone. This is Marcy and Jack. Marcy, what deal are we [...]
Jack discusses how "fix and flip”, and rehab loans works. He highlights his extensive experience, having done thousands of loans for investors. Gelt Financial offers loans up to 65% of the [...]
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 [...]
Gelt Financial closes a a refinance First Mortgage on a Hospitality Property in Branson, MO. "Jack: We got a hotel—an extended stay hotel. We just closed in Branson, Missouri. We know [...]
Marcy Berger of Gelt Financial Message to Mortgage Brokers. Call us at | 561-221-0900. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, [...]
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 [...]
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 [...]
Gelt just provided the financing and funding on 3 single family investment properties in Florida all purchased at an auction. "Jack: Hey, this is Marcy and Jack at Gelt Financial. Hopefully, [...]
In every market, there is an opportunity; we lay out some ways people are taking advantage of this real estate market using financing. We want to help investors Make money using our [...]
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 [...]
Construction First Mortgage closed on investment property spec home in Boca Raton, Fl. "Marcy: Hey Jack. Jack: Hey Marcy, let's tell everyone we just closed something. We normally don't do a [...]
The video explains the definition of Note on Note Financing. It is the practice of buying and selling notes, typically related to mortgages and debts. Investors look for discounts and consider [...]