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.
Private Money Lender – Related posts
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 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 [...]
NEW PROGRAM Commercial and real estate investor mortgages from 100k and up. 30-year terms, no balloons. All credit considered, No income verification, foreign nations, Loans to LLC, credit problem ok. [...]
Fill Gaps in the Capital Stack Alternative financing options for small-balance investors are gaining traction Written By Noah Miller, Vice President of Gelt Financial LLC Featured article in Scotsman Guide [...]
Gelt Financial closed a first mortgage on a mobile home Park in Clio, Michigan. It has 70 units, is not stabilized and we provided financing to clean up, expand and [...]
How to Save your Self Storage Center from Financial Ruin Owning a self storage center is great business. However, we have realized that the prospect is less than satisfactory for [...]
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 [...]
Commercial Mortgage Loan Closed Gelt Financial helped close a deal on a car wash in Lintoia, GA, the owner-operator chose Gelt Financial, LLC. We focus on providing financing to [...]
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 [...]
Gelt Financial, LLC was pleased to provide a $1,800,000.00 non-recourse first mortgage financing to a local non-profit owner of a retail shopping center in Philadelphia. The property is a neighborhood [...]
JUST CLOSED IN WARREN, OHIO! Gelt Financial is excited to announce we just closed a Dollar General in Warren, OH. This First Mortgage was for a repeat borrower and [...]
Gelt Financial, LLC is pleased to announce that it has continued its sponsorship and underwriting of the costs involved with the Minhag recovery program in Boca Raton, Fl. When one [...]
Gelt Financial just closed a $250K cash-out refi for a Strip Center in North Tonawanda, NY. The purchase was conveniently located near Niagara Falls and featured a large parking [...]
The Definition of Bridge Loans If you’ve dabbled in real estate, have dipped your toes in homeownership for some time, or are just beginning your journey into the vast [...]
As a borrower, you may be curious about your options in securing a loan for your commercial mortgage, to grow your real estate investments, and to fund your projects [...]
Gelt Financial just closed a $280K Mortgage for a daycare property located in the heart of Philadelphia, PA. Our dedicated team closed the deal in less than 10 days. [...]
Detroit Cash Out Refinance: Gelt Financial provided a cash out refinance to an experienced real estate investor on a retail strip center in Detroit, MI. Gelt was able to focus [...]
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?" [...]
Chicago Retail Mortgage Loan: Gelt Financial has provided a First Mortgage loan on a 15,000 SF former Aldi Supermarket in Chicago, IL This loan was brought to Gelt by a [...]
Gelt Financial, LLC is pleased to provide financing for an owner of a 6 unit multi-family investment property in Cincinnati, Ohio. This was No income verification cash-out refinance with a [...]
Another successful closing by Gelt Financial, your trusted private lender. We just closed on a $400K foreclosure bailout for a retail building in Battle Creek, MI. This well-maintained property, [...]
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, [...]
The real estate industry has been on the rise for almost a decade now, and it continues to grow thanks to the booming economy. But [...]
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. [...]
Jack Miller talks about what he leaned by making Toast? How good things take time and effort before you see the results. "Hey, this is Jack Miller. I hope you're having [...]
The video titled "Pro Guide To Commercial Mortgage Rates with Some Key Factors" by Gelt Financial, LLC discusses the factors involved in pricing a loan in the private lending space. It [...]
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 provided a Professional real estate Investors a first mortgage to payoff their existing debt and fix up a 5 unit property in Lake Worth Florida. "Jack: I love working [...]
Gelt Financial provides mortgage debt on owner occupied business properties: "Jack: Okay, Marcy. Marcy: Hi! Jack: Yeah, we're here. Oh, remember, I always forget, like this, wherever you're seeing YouTube or [...]
Gelt Financial provides non QM mortgages on residential investment properties. Hear more from Jack and Michael on how to get started. When your bank says NO, we say YES! "Jack: Michael, [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]
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 [...]
We just provided with a experienced investors 4.3 Million bridge Mortgage on 3 credit tenant deals as part of a 1031 Transaction. This borrower will refinance with a bank, but a [...]
In this video, Jack discusses a closed deal in Chesapeake, Virginia. Wherein $220,000 is provided, first mortgage on a mixed-use property to a real estate investor with poor credit. The borrower [...]
Gelt Financial helped an Auto Body Shop in St Louis, Missouri with credit challenges with a no-income qualification mortgage with a 3-year term. "Hello, this is Jack Miller of Gelt Financial. I [...]
Gelt closed on strong value add deal in a major city, providing 100% financing. The property was purchased at a foreclosure auction, leased back to the owners and sold for a [...]
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, [...]
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 [...]
Gelt is excited to provide first mortgage financing for an owner of a day care center in Chicago. He is an experienced operator and this is a new business for him. [...]
Jack Miller of Gelt Financial addresses a common misconception on why some businesses file Chapter 11 Bankruptcy. Gelt Financial is a bankruptcy DIP and Exit lender.
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. We Finance Cannabis Retail locations, contact us to learn more. [...]
A quick tip for real estate investors of all sizes...this is BIG common issue that happens in most deals that go bad. LACK OF CAPITAL. Everything always costs more and takes [...]
In the video Jack explains the concept of phantom income in real estate investing. Phantom income refers to situations where investors may not receive cash distributions despite owning a share of [...]
Gelt Financial provided $450,000 as a first mortgage on a Commercial building that was lost at a sheriff's sale and purchased back. No appraisal, no income, no credit, no recourse financing. [...]
Super Rush Closing to save the day. "Jack: Okay, Michael Kelman, tell everyone exactly what happened. Don't spare anything in the last 10 minutes. Michael: We have a broker who has [...]
We are here to help our borrowers through the financing process. When one of them was short $150,000.00 on a mixed-use property, we lent them the additional money. One of the many [...]
Gelt Financial provided a new first mortgage foreclosure bailout loan on a mixed use property ion Brooklyn, NY. The mortgage broker called us and we approved and close the loan without [...]
Michael talks about the financing Gelt Financial provides owners of Funeral Homes and other business. Remember when your bank says NO, we say YES!