Closed: $500K Dollar General Portfolio First and Second Mortgages
JUST CLOSED IN FOUR BUSINESS DAYS!
Gelt Financial is excited to announce we just closed a $500K mortgage on a five-property Dollar General portfolio across multiple states. Gelt provided both first and second mortgages with private, non-recourse financing. The mortgage was low doc, no credit verification, and no income verification. Our loan helped facilitate the construction of Dollar General after our borrower purchased a land contract. Gelt provided 100% LTV financing on the construction draws. Subsequently, we facilitated second mortgages to secure the borrower’s collateralized investment properties. Afterward, our borrower returned and we gave them another $300K in private financing for a similar construction loan. This project was creative financing that needed a quick closing.
When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. 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.
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