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.
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