We have just closed another successful bridge loan for another happy client!
We just closed 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 an expertise for handling difficult matters. No situation is too sticky for us. When the banks can’t help you, call Gelt Financial.