Closed: $250K Second Mortgage Boca Raton, FL
JUST CLOSED IN BOCA RATON, FLORIDA!
Gelt Financial just closed on a $250K Second Mortgage in Boca Raton, FL. Using DIP financing, also known as Debtor In Possession Financing, we provided short-term financing and closed QUICK. An attorney approached Gelt and requested distressed financing for a local borrower in bankruptcy. COVID-19 took its toll and this particular investor needed our help. No income and limited docs.
When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. 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
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 [...]
What is an Exit Fee? An exit fee, a mortgage exit fee, or a loan exit fee is most often used in a commercial mortgage or loan, and it's a [...]
Gelt Financial LLC is pleased to have closed on a investment first mortgage single family home in Darian, IL. The Buyer is a real estate investor and purchased the property [...]
Just closed! Gelt Financial delivered a $665K foreclosure bailout cash-out refinance secured by two mixed-use assets in Bound Brook, New Jersey. This low-leverage, collateral-based blanket mortage came in at [...]
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 [...]
Gelt Financial arranged to finance for clients that own a 34-unit multi-family apartment near Pittsburgh, PA. The loan enabled the client to pay off a higher-interest loan and receive [...]
Just closed commercial mortgage, Purchase of a owners occupied day care in Florida, credit below 630, 25 year term, no balloon……….. We are always here to help our clients.
We provided the financing for hard-working self-employed businesswomen to purchase a used car lot and repair center in Philadelphia, PA, under our No income documentation business owner programs. The loan [...]
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 [...]
Gelt Financial, LLC recently closed a blanket mortgage on three retail properties in foreclosure, though a series of bank mergers the latest bank put this paying loan in default [...]
Just closed! Another win for an experienced investor. Gelt Financial closed a $300K cash out refinance on a single-family home in Charlotte where the borrower needed funds for light [...]
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 FORT LAUDERDALE, FLORIDA! Gelt Financial just closed a $600K First Mortgage on a retail building in Fort Lauderdale, FL. The borrower was having trouble finding a [...]
JUST CLOSED! Gelt Financial is pleased to announce we just closed a $65k loan for a single-family investment property in Augusta, Georgia. With our streamlined process, there was no [...]
H. Jack Miller recently said how proud he was of the entire Gelt Financial, LLC team for their hard work. We are lucky to have a team of very [...]
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 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 [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the feature “This Private Commercial Real Estate Lender Cuts Through the Clutter To Produce [...]
JUST CLOSED! Congratulations to our client on securing $328,250 for a Sale-Leaseback transaction on a ready-to-rent townhome in Atlanta, GA. The loan was structured at 65% LTV, providing the [...]
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 [...]
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. [...]
ANOTHER DEAL DONE IN FLORIDA! Gelt Financial just closed a $60K First Mortgage on an investment condo in Fort Lauderdale, FL. Click here to view more closed Fort Lauderdale hard [...]
Exciting news from Gelt Financial! We recently closed a $450K sale leaseback deal for a Residential Investment Property in New Jersey. The best part is, we made it happen [...]
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. [...]
Gelt Financial is a South Florida based Private lender and will provide financing for rehabs, construction and land in South Florida: "Marcy: Hi Jack. Jack: Hey Marcy. So, we want to [...]
Gelt Financial provided a purchase mortgage first mortgage to a family business who is expending to Florida, when they wanted to purchase commercial real estate for their Business to operate in. [...]
Jack Miller gives a little explanation on why lenders charge prepayment penalties, the different types of them and some tips on how to analyze and negotiate the best one for your [...]
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 [...]
Gelt Closed a first mortgage on a single family investment property. "Jack: Hi, this is Jack, and this is Marcy. We're social distancing at Gelt Financial. I hope everyone is having [...]
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 [...]
In some situations, Gelt Financial does not require a credit report on residential investment property financing and Small commercial Mortgage Financing. Watch our latest YouTube video to learn more! Gelt has [...]
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages.
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages."Marcy: Hi Jack.Jack: Marcy, we just closed a couple of deals, but one, in particular, closed in. It came in [...]
Michael Kelman goes into detail and lays out the business purposes and commerical mortgage that are in the stick zone of Gelt Financial and how we can get create to meet [...]
What is the culture at Gelt Financial? Go behind the scenes with Paul Barash. Every company has its own culture—and Gelt Financial is no different.
Foreclosure Bailouts: Blanket Loan on 2 Mixed-Use Properties in New Jersey — Property-Only Qualification. Gelt Financial. No personal income, no credit, no appraisal. Same-day approval and fast closing. [...]
Jack Miller gives his opinion on leaving your job and becoming a full time real estate investor. What has he seen over the years: "How you doing? This is Jack Miller. [...]
In the video, Jack explains the concept of a blanket or cross-collateralization mortgage. It involves combining multiple properties into one mortgage, allowing borrowers to tap into equity in one property to [...]
We buy commercial real estate debt. That includes Performing, Non-Performing, and Sub-Performing commercial debt. Jack Miller goes over the types of commercial debt that Gelt Financial buys. Gelt has been helping [...]
Mortgage and Real Estate Professional Tip: If you plan on selling or refinancing real estate, make sure your title to the property is clear and cleaned up. Often there are mortgages, liens, [...]
Jack Miller closed another commercial mortgage, this time for a car wash. Gelt has been helping commercial real estate and investment borrowers since 1989. "Jack: This is Jack. Marcy: This is Marcy. [...]
When a borrower ran short of capital to complete the repairs and their current lender would not lend them more money, Gelt step up and approved a second mortgage. "Jack: Hey, [...]
Gelt Financial can provide financing on inherited properties. We can supply the new owners the capital they need to payoff existing loans, fix the property up, or for other purposes to [...]
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 [...]
Understand your deal and what types of deals your lenders do is important to being a successful mortgage broker.
An email from a borrower after he paid Gelt Financial off. This is an every day event at Gelt and we are so grateful to our borrowers and love helping them succeed. [...]
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 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 [...]
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. Gelt has been helping commercial real estate and investment borrowers since 1989. When [...]