Just Closed Successful Bridge Loan in Suburbs of Cleveland, Ohio
We have just closed another successful bridge loan for another happy client!
We just closed a bridge loan on an office building in the Suburbs of Cleveland, Ohio. The property was in foreclosure, with a receiver appointed. We represented the ownership and closed the bridge loan.
Our client, a highly experienced commercial real estate investor, was working with his local bank. Even though all his payments were current, the bank still put the loan in default for technical reasons. We have represented this client before in an advisory capacity on numerous real estate matters. We felt his investment deserved a fighting chance. With diligence, we were able to close the loan on a property that was in foreclosure with a receiver appointed.
We focus on assisting mid-sized businesses and real estate investors with their financial needs. We have developed a niche and expertise for handling difficult matters. No situation is too sticky for us. When the banks can’t help you, call Gelt Financial.
Private Money Lender – Related posts
Commercial Financing & Real Estate Investment Programs February 19, 2015 Press Release Gelt Financial Corporation, in business since 1989, is pleased to announce several new Real Estate Investment & Commercial [...]
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! [...]
Gelt Financial has provided a First Mortgage on a multifamily investment property in Brooklyn, NY. "Gelt is flexible with how we structure deals, giving us a real edge in providing [...]
Gelt Financial, LLC is pleased to be back in Scotsman Guide. Gelt and its management have been lending to small commercial property owners and investors since 1989. Gelt offers commercial [...]
JUST CLOSED! Gelt Financial is excited to announce the closing of a $250k multi-tenant office building in Chesapeake, VA. This private loan was a refinance, owner-occupied buyer, broker deal, [...]
Closed Loan: After being frustrated by other lenders we were pleased to help another real estate investor in Washington DC on the refinancing of his 4-unit multifamily property. We [...]
The Definition of Bridge Loans If you’ve dabbled in real estate, have dipped your toes in homeownership for some time, or are just beginning your journey into the vast [...]
JUST CLOSED IN NEW YORK CITY, NEW YORK! Gelt Financial is proud to announce we just closed a $500K second mortgage on a 40+ unit apartment building in New [...]
Just closed! Another win for an experienced investor. Gelt Financial closed a $300K cash out refinance on a single-family home in Charlotte where the borrower needed funds for light [...]
We closed the first mortgage for an experienced fix and flip investor cash out on a newly rehabbed SFR in New Orleans LA. Borrower completed a full rehab on the [...]
JUST CLOSED IN BOCA RATON, FLORIDA! Gelt Financial is proud to announce we just closed a $400k single-family construction loan in Boca Raton, FL. A mortgage broker sought a [...]
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 [...]
As prices in several markets dip for the year 2019, a lot of people are reminded about companies going bankrupt. Consumers are not the only ones affected by this - [...]
Understanding note-on-note financing vs traditional bank loans is the fastest way to choose the right funding for your next deal. Note that investors and real estate investors often miss [...]
Gelt Financial Corporation just closed a no income verification first mortgage for a real estate investor in Pennsylvania on 5 rental properties, the loans were for a 30 year amortization [...]
Jack Miller is pleased to speak and take part in a panel discussion “Critical Capital Markets Updates and Office Market Strategies" at the 3rd Annual New Jersey Office Summit Iselin, New [...]
We are excited to once again step in and help those who banks won’t. In this case, it was owners of a mixed use property in New Jersey which we [...]
Gelt Financial has closed a First Mortgage Refinance on a convenience store in Charleston, SC. The property has been owned by a successful operator and they needed to refinance out [...]
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 [...]
Rehab Fix and Hold Gelt is pleased to have closed a mortgage to a local real estate investors in Haverstraw, Part of Rockland County, New York. We provided the investor [...]
We are pleased to help another small business owner and provide them with a cash-out refinance the mortgage on a liquor store they owned in Dearborn, Michigan, they came to [...]
Chicago suburbs, the mixed-use property being purchased by an attorney at a discount price. We provided the first mortgage under our no income qualification program. Gelt Financial, is a private [...]
Jack Miller, President of Gelt Financial, LLC talks to industry expert Rocky Butani, Founder and President of Private Lender Link.com about finding and using hard money and private lenders in [...]
While 2019 comes to a close we reflect back on the work we have done in the area of Suicide Prevention, Mental Health awareness and education as well as recovery [...]
Jack talks about a loan that Gelt Financial just approved and what the loan to value is.
We want to make the closing process as smooth as possible for you and get you to closing when you want to. Here are some tips on ensuring a smooth process."Jack: Hi, [...]
Gelt just provided the financing and funding on 3 single family investment properties in Florida all purchased at an auction. "Jack: Hey, this is Marcy and Jack at Gelt Financial. Hopefully, [...]
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 [...]
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 [...]
In this video, Jack and Marcy discuss a commercial mortgage loan deal that did not close and the reasons behind it. The property was good and had a great location, but [...]
Gelt Financial provides first mortgage financing on a medical office building in Ohio for a service business. "Jack: Hello, this is Jack, and Marcy... you know what, Marcy, during a little [...]
Meet Marcy Berger at Gelt FinancialGelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES!"Good morning, good afternoon, good evening. Not sure [...]
Marcy and Jack at Gelt Financial, LLC, nonbank commercial portfolio lenders, talk about the best way for a mortgage broker to submit and close a deal. Gelt offers financing to real estate [...]
In the video, Jack explains the difference between recourse and non-recourse loans. Recourse loans involve personal guarantees, making the borrower liable if the property can't cover the debt. Non-recourse loans, on [...]
We love working with our borrowers. They teach us so much. We are so great-full to be their lending and capital partners. "Hi, this is Jack Miller at Gelt Financial. I'm [...]
Just Closed: $1.8MM Joint Venture Equity deal in Willow Grove, PA. We are actively providing JV Equity, Preferred Equity, Mezzanine Financing, Second Mortgages and First Mortgages. We closed this deal in [...]
Gelt Financial closes a cash out, mixed use, no income verification mortgage in Indianapolis, IN. "Marcy: Hi. Jack: Hi, this is Jack and Marcy at Gelt. Marcy: How are you? Jack: [...]
Real estate investors, DON'T depend on anyone else when doing your background or due diligence for your real estate projects. This can backfire on you or cause complications. "Hey, this is [...]
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 [...]
Jack and Marcy talk about a 50k first mortgage Gelt Financial just closed on a Multi family property, There is almost no where for borrowers who want to borrower small amount [...]
Closed First Mortgage on a Restaurant Bar in Philadelphia. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: Hey, [...]
Do you really want to know a little more about the Gelt culture and the hours we put in? When your bank says No, We say Yes. "Hey, this is Jack Miller [...]
Jack Miller and Marcy talk about a fast closing on a mixed use property in New Jersey that a residential mortgage broker brought to us when no one else could close [...]
In the video Jack shares his experience in real estate investing and the importance of long-term strategies. He mentioned that real estate is not always a quick way to make money, [...]
Questions from a Mortgage Broker on closing a commercial mortgage quickly. How to best prepare for a fast closing. "Jack: Okay, Marcy Berger, we're recording. First, like our YouTube channel and [...]
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 [...]
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 provided $450,000 as a first mortgage on a Commercial building that was lost at a sheriff's sale and purchased back. No appraisal, no income, no credit, no recourse financing. [...]