Closed: $200K First Mortgage in Manhattan
JUST CLOSED IN MANHATTAN, NEW YORK!
Gelt Financial is proud to announce that we just closed a $200K First Mortgage on a stunning condo on Park Avenue in Manhattan. The borrower had encountered challenges in securing a lender for co-op financing, but we were able to provide the necessary funding. The loan was a cash-out refinance on a non-owner-occupied investment property, which the borrower intended to renovate for a fix-and-flip project. We had the deal approved within hours and provided a quick close.
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!
View other closed hard money loans in New York City.
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.
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 [...]
Just Closed! Gelt Financial just funded a $315K refinance cash-out for a multi-tenant retail center in Middleton, Wisconsin. This was a property-only qualification loan on a value-add project. The [...]
Private money lenders are the secret weapon among commercial real estate investors and the reason behind the thriving commercial mortgage industry. Bridge loans and bridge mortgages play a critical [...]
Just Closed! Gelt helped fund a $175K 12-month interest-only loan for a multi-family property in Brooklyn, New York. We helped the borrower get all cash out from his fully owned 6-unit multi-family property — no mountains of paperwork, just a fast, smooth solution. Looking for fast, all cash-out financing for your investment property? Gelt Financial can make it happen. When your bank says NO, we say YES! [...]
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 [...]
DEAL CLOSED IN MIAMI, FLORIDA! Gelt Financial just closed on a $300K First Mortgage on a single-family, investment property in Miami, FL. The non-owner-occupied home was bought vacant and [...]
Gelt Financial is pleased to have H. Jack Miller take part in the Crittenden National Real Estate Conference in Miami, FL on October 25 to 27rd, 2017. Jack is very [...]
If you’re looking to sell non-performing mortgages, Gelt Financial, LLC is an experienced, well‑capitalized buyer that moves quickly and closes with certainty. Gelt Financial recently purchased a non-performing first [...]
JUST CLOSED IN TOLEDO, OHIO! Gelt Financial is excited to announce the closing of a $1.7MM First Mortgage in Toledo, OH. This stunning 80k square-foot office/retail building was highly [...]
Whether you’re a one or two-person shop or a large, correspondent lender that lends across the state or across the country, you know there are times when you get a [...]
We love closing loans and helping small business owners and investors in commercial real estate: Closed cash-out refinance of Fix and Hold Single-family rental property in New Jersey. Borrower purchased [...]
JUST CLOSED IN NEW JERSEY! Gelt Financial just closed an $800K First Mortgage on a cannabis dispensary in New Jersey. We provided cash-out refinancing to fund the borrower's rehab [...]
Gelt is excited to partner with a local real estate investor. We provided 100% debt and equity in a deal where we purchased an office building and leased it out [...]
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?" [...]
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 [...]
JUST CLOSED IN NORTH FORK, NEW YORK!Gelt Financial is excited to announce we just closed a beautiful Single-Family Investment Property in North Fork, NY. This home is centered in picturesque [...]
Gelt Financial, LLC was please to provide a real estate investor with a $150,000.00 first mortgage refinancing on a residential investment condominium in Jersey City, New Jersey. This is another [...]
Gelt Financial is a top hard money lender that is known for its ability to close loans quickly, often in just a few weeks. Unlike traditional lenders, who often require [...]
After failed attempts with previous lenders, we were able to help borrowers attain financing for the acquisition of a mixed-use Investment building in Newark, NJ. This income-producing property is an [...]
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 [...]
We are pleased to have secured asset-based financing for a telecommunications and IT company in Chapter 11 Bankruptcy providing them with an accounts receivable line of credit. Prior to contacting [...]
Closed Loan, Gelt was able to assist this borrower obtain financing for her vacant Single-Family investment property in upstate NY. The property has been vacant for some while and with [...]
We were excited to close the first mortgage on a value add property in Jackson, MS. This was brought to us by a mortgage broker, the property was partially [...]
Gelt Financial was pleased to provide an investor group with first mortgage financing on a value-add retail center in Chicago that the buyers were the successful bidder through a national [...]
Some commonsense mortgage broker tips. Remember, when your bank says NO, we say YES! "Marcy: Hi, it's Marcy, and Jack from Gelt Financial. Jack: So our tip of the day for [...]
Jack Miller and Marcy Berger talk about Residential Mortgage Originators and brokers getting into commercial Mortgages. How hard or easy is it? What are the differences? What do you need to know? [...]
Jack Miller covers information on hard money lending (hard money loans or mortgages). Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES. "Jack: So, what— a little interview. Marcy: Sure. Jack: A little [...]
Jack Miller goes into detail on why real estate investing is the best inflation hedge and investment. He goes over it step by step. "Hello, this is Jack Miller. I hope [...]
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 [...]
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. [...]
Networking is a great source of business for mortgage brokers, Jack and Marcy at Gelt talk a little about it. "Jack: Okay, Marcy. So, like our YouTube channel or wherever you're [...]
What is a Mezzanine loan. Gelt lends up and down the cap stack, debt and Equity. "Marcy: Hi. Jack: Hello, Jack and Marcy, making a socially distanced video on what a [...]
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 [...]
Gelt Financial closes a refinance on a new construction investment property in Texas. "Jack: This is Jack, this is Marcy at Gelt Financial. We just closed the loan in Manville, Texas, [...]
Jack and Marcy talk about some of the differences between being a residential and commercial mortgage brokers. "Marcy: Hi, it's Jack and Marcy. What are we going to talk about today? [...]
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 [...]
Jack and Marcy talk and debunk 5 common myths in hard money and private mortgage. Maybe people would be surprised at how useful hard money lenders are to real estate investors. [...]
Gelt Financial is a private commercial mortgage lender, and here are some advantages. Speed, creativity, flexibility, commonsense, and access to capital.When your bank says No, we say Yes.
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 [...]
Jack Miller gives a little history of Hard Money lending (hard money loans or mortgages), Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says [...]
Jack Miller goes over why commercial banks will call in or default on a commercial mortgage loan even when the loan holder is on-time with the payments. "Hi, this is Jack [...]
A Mortgage broker emailed us and asked us about marketing to banks for turndowns. Lots of opportunities out there for those willing to work at it. Watch the video to learn [...]
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 [...]
Jack Miller asks whether you are cut out to be a commercial or residential mortgage broker. What skills do you need? Do you have them? "Hello, this is Jack Miller at [...]
What do they say about an army? The best way to motivate them is to feed them? Well Team Gelt is not an army but we do always have good and plenty [...]
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 [...]
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 [...]