Closed: $235K First Mortgage in Englewood, FL

By |1 min read|Published On: April 18th, 2023|Last Updated: June 22nd, 2023|

JUST CLOSED IN ENGLEWOOD, FLORIDA!

Gelt just closed a $235K First Mortgage purchase for a father and son team who operates outside of Florida. The duo wanted to expand to Englewood, FL, so we funded a private mortgage on their owner-occupied office building. The city of Englewood is a breathtaking beach and ecotourism destination south of Sarasota and Venice. Our borrowers sought to expand their business and required a quick closing. As a no-income verification mortgage, we could finalize the closing without requiring an appraisal.

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. 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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