Closed: First Mortgage on a $250K property
DEAL CLOSED IN PHILADELPHIA, PENNSYLVANIA!
Gelt Financial just closed on a $250K First Mortgage on a retail property in Philadelphia, PA. A borrower called up Gelt and needed a refinance on a mixed-use retail property. Inside the property, there is a family-owned restaurant & bar with an apartment on top. The story was that the partner bought out his other partner and originally needed an SBA loan, but it fell through. Afterwards, the investor contacted us for a private loan on his newly owned real estate. We supported him through the process and moved forward on this bridge loan. Low credit. Limited documentation. The deal needed to close quickly and we made it happen.
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.
Private Money Lender – Related posts
Gelt Financial has successfully closed a $400K purchase loan for a beautiful one-bedroom, one-bathroom condominium unit in Miami, FL. This property, valued at $665K, is primed to become a [...]
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 [...]
Gelt Financial, LLC just closed a commercial mortgage with a 30-year amortization. This borrower was unable to obtain traditional bank financing because of a personal IRS tax lien, With the [...]
DEAL CLOSED IN SANTA FE, NEW MEXICO! Gelt Financial is excited to announce we just closed on a $1MM first mortgage on an office building in Santa Fe, NM. [...]
Gelt Financial, LLC is pleased to provide financing for an owner of a 6 unit multi-family investment property in Cincinnati, Ohio. This was No income verification cash-out refinance with a [...]
JUST CLOSED! Gelt Financial just funded a $130K Note-on-Note financing deal for a warehouse in Oakhurst, NJ . The borrower already held the 1st mortgage, making it the perfect [...]
Virginia First Mortgage Purchase: Gelt Financial Announces Funding of $273,000.00 office Building in Virginia Gelt Financial, a leading commercial real estate direct lender, today announced the closing of a $273,000.00 [...]
As a borrower, you may be curious about your options in securing a loan for your commercial mortgage, to grow your real estate investments, and to fund your projects [...]
80% LTV on commercial and investment mortgages in Eastern Pennsylvania, New Jersey, New York, Delaware and Maryland. Flexible underwriting and credit
We are excited to start lending on retail Cannabis and Hemp properties. We will offer the same flexible programs that we always have and are excited to enter this [...]
Gelt Financial Announces Funding of $3,000,000 Multifamily Bridge Loan Company Debuts in Columbus Ohio, Announces Aggressive Q4 Growth Plans Across the U.S. DELRAY BEACH, FL (Sept. 9, 2020) – Gelt [...]
JUST CLOSED IN WASHINGTON, D.C.! Gelt Financial just closed a $480K First Mortgage on a daycare center in Washington, D.C. metro area. This deal closed in just two weeks. [...]
Just closed on a 5 unit mixed use building mortgage in the beautiful Wilmington, Delaware! Loan of $210,000 with 100% cash out, and a stated income loan program at 70% with [...]
Written by Beth Mattson-Teig of WealthManagement.com contributing expert Gelt Financial The increased capital flowing to the preferred equity space far outweighs the volume of available deals. Real estate investors looking [...]
Gelt Financial providing private lending for office buildings nationwide between $100,000 and $5,000,000 Gelt Financial is a leading provider of private lending for office buildings nationwide. We offer loans between $100,000 [...]
Chicago Retail Mortgage Loan: Gelt Financial has provided a First Mortgage loan on a 15,000 SF former Aldi Supermarket in Chicago, IL This loan was brought to Gelt by a [...]
The benefits of using a hard money lender versus a bank: There are several benefits to using a hard money lender, also known as [...]
We provided the financing for hard-working self-employed businesswomen to purchase a used car lot and repair center in Philadelphia, PA, under our No income documentation business owner programs. The loan [...]
Just closed commercial mortgage, Purchase of a owners occupied day care in Florida, credit below 630, 25 year term, no balloon……….. We are always here to help our clients.
Gelt Financial is thrilled to announce that we have successfully closed a $230K first mortgage on a car wash purchase in Charleston, SC. This incredible deal was completed in [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the feature “What Happens to My Mortgage If My Lender Goes Bankrupt?” on U.S. News [...]
JUST CLOSED! Gelt Financial is excited to announce we just closed a $135K First Mortgage on a 2,500 retail building in Newark, NJ. When your bank says NO, we say YES! [...]
Exciting news from Gelt Financial! We recently closed a $450K sale leaseback deal for a Residential Investment Property in New Jersey. The best part is, we made it happen [...]
ANOTHER DEAL DONE! Gelt Financial recently closed on a purchase of a non-performing loan collateralized by a medical office building in Tampa, FL. The note was purchased at PAR [...]
The video discusses how a small loan payoff of $65,000 made to an ethnic family who owned a bodega in Atlantic City. Despite not making much profit on the deal, Gelt [...]
What does the collapse and FDIC take over of Banks mean to our Borrowers and Mortgage Brokers? How will this effect us and you? "Marcy: Hello. Jack: Hey, we want to [...]
Gelt Financial focuses on Small Balance- Business Purpose, Investment and Commercial Private Mortgages. We love loans under 1 Million. Private Lending without any red tape and log delays of banks. Gelt [...]
In the video, Jack shares negotiation tips for property deals. He emphasizes the "Art of Negotiation is to Analyze" -- the importance of analyzing the situation, listening actively, and keeping one's [...]
A must-watch for everyone who wants to be a commercial mortgage broker or who is one. A simple, easy tool that everyone should have and is easy to get. What do you [...]
Jack Miller talks about surviving a down term. How he survived numerous downturns and reinvested the company. What he learned along the way. "Well, this is Jack Miller. I hope this [...]
Mortgage and Real Estate Professional Tip: If you plan on selling or refinancing real estate, make sure your title to the property is clear and cleaned up. Often there are mortgages, liens, [...]
How do we dig in and use real life math and market data to determine the market value of a real; estate investment property at Gelt Financial. "Jack: Jack and Michael [...]
Gelt closed another deal in 5 working deals, a rehab in Miami, collateral based no appraisal. "Jack: Hey, Marcy Berger, how are you? We're making a YouTube. We haven't made one [...]
Proud to have financed an owner-occupied day care center in Philadelphia! At Gelt Financial, we’re committed to helping small business owners achieve their dreams with flexible financing options tailored to your [...]
Jack and Marcy talk about what is a re trade in commercial and investment real estate? Why and when does this happen? What does it mean to you? "Marcy: Hi, we're [...]
Gelt just closed on a Bridge to Agency short term mortgage solution on Multi Family in Chicago, we were called to private quick financing when it was clear the the permeant [...]
Jack Miller talks about what he leaned by making Toast? How good things take time and effort before you see the results. "Hey, this is Jack Miller. I hope you're having [...]
In the video Jack explains the concept of phantom income in real estate investing. Phantom income refers to situations where investors may not receive cash distributions despite owning a share of [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]
Why do Professional athletes come to Gelt Financial to borrow money? We dive into it.....
Gelt closes on a first mortgage cash out refinancing for $300,000.00 on a strip of stores in Detroit. "Jack: Hello, everyone. This is Marcy and Jack. Marcy, what deal are we [...]
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 and Marcy talk about Gelt Financial providing an existing borrower a $300,000.00 when they needed more money, The property was in Brooklyn, New York and was a mixed use [...]
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages.
4 Day Investment Property Closing, Gelt Financial moves very fast-Commercial & Investment mortgages."Marcy: Hi Jack.Jack: Marcy, we just closed a couple of deals, but one, in particular, closed in. It came in [...]
Gelt Financial just closed a note-on-note financing deal for a small commercial real estate loan in New Jersey—in under a week! No appraisal, no environmental reports, and no income verification needed. [...]
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 [...]
Jack Miller advises mortgage brokers on everything they should have ready and provide to lenders to get their loans closed FASTER.
In this video, H. Jack Miller shares common mistakes he has seen people make in real estate investing, especially with fix-and-flip projects. To succeed, you need to excel in three key [...]