Closed: $3.55MM First Mortgage on a NNN Portfolio
JUST CLOSED IN NASHVILLE, TENNESSEE — ATLANTA, GEORGIA — NORTHAMPTON, MASSACHUSETTS!
Gelt Financial is pleased to announce we just closed a $3.55MM First Mortgage on a NNN Portfolio. The 1031 transaction included three national credit-secured properties in Nashville, TN, Atlanta, GA, and Northampton, MA. The borrower was up against a tight timeframe and banks were unable to provide a quick closing or surety of execution. We were able to close the deal in just two weeks with no appraisal, allowing the borrower to complete their 1031 transaction and giving them time until they find permanent financing.
Gelt Financial is your private lending partner for commercial real estate and investment properties. 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.
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