Closed: $225K First Mortgage in in Detroit, Michigan
JUST CLOSED IN DETROIT, MICHIGAN!
Gelt Financial just closed a $225K First Mortgage on a commercial property in Detroit, Michigan. The borrower needed a short-term refinance to pay off a property purchase collateralized by a land contract. The nail salon business needed our private financing with a quick close. This owner-occupied, non-recourse loan closed in just two weeks.
Need to close quickly? We are your non-bank lender for commercial mortgages of $3MM or less. Deal directly with the decision-makers. When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender in Michigan. We have 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. We offer a wide array of mortgage products including bridge loans, no income verification programs, foreclosure buy-out programs, DIP, JV Equity, and subordinate debt.
Deal directly with the decision-makers. 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 does on Gelt’s YouTube channel and for more info on our completed deals, check our Deals Done.
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