Closed: $700K First Mortgage in Lake Worth, FL
JUST CLOSED IN LAKE WORTH, FLORIDA!
Gelt Financial just closed a $700K First Mortgage on a 5-unit multifamily property in Lake Worth, FL. A local borrower came to us for a quick closing for their rehab on a multifamily property they owned free and clear. We provided a non-recourse renovation loan without income verification or credit verification. This short-term rehab loan closed in less than two weeks.
Gelt does not shy away from complicated 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!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender – also known as a private lender. We closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers. We have facilitated private mortgages with borrowers who may have low credit, no credit, low doc, no doc, and no income verification. As a hard money lender, Gelt Financial lends 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
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 [...]
Written by Vice President of Gelt Financial, Noah Miller, and featured on Commercial Property Executive Gone are the days of Wall Street investors staking claim to all the assets, argues [...]
JUST CLOSED IN FOUR BUSINESS DAYS! Gelt Financial is excited to announce we just closed a $500K mortgage on a five-property Dollar General portfolio across multiple states. Gelt provided [...]
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 [...]
JUST CLOSED! Gelt Financial just funded a $750K purchase loan for a cannabis dispensary conversion in Marlton, NJ. With 34% LTV, the borrower, who holds a cannabis license, is [...]
Gelt Financial, LLC is pleased to announce that it has continued its sponsorship and underwriting of the costs involved with the Minhag recovery program in Boca Raton, Fl. When one [...]
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 Benzinga article "How Many Months of Bank Statements for a Mortgage Are Needed?" [...]
Just Closed in Shawnee, KS! We just wrapped up a $210K refinance on a single-family rental—and we moved fast. The borrower had low credit, the loan was nearing maturity, [...]
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 [...]
About 18 months ago we received a referral from a workout attorney, he had a client who owned a multi-location small business. Their current lender a local bank had [...]
Just Closed in Rochester, NH! This borrower came to us in a tough spot—extremely low credit, missed payments, and no time for the usual red tape. We stepped in and [...]
Deal done! Gelt Financial just funded a $240K sale leaseback for a single-family home in Port Charlotte, FL. No appraisal. No income verification. Super-fast closing. Flexible documentation. This new [...]
Jack Miller of Gelt Financial, LLC announces its “Better than Bank Commercial Mortgages without the aggravation new loan programs” Gelt recognizes that commercial real estate owners and investors are increasingly [...]
DEAL CLOSED IN INDIANA! Gelt Financial provided a $200K First Mortgage on a Mobile Home Park Investment Property in Indiana. A hard money broker brought his client to our [...]
As private commercial and Investment Mortgage Lenders, we focus on the needs of our borrowers and try to find solutions that make sense for them. Gelt Financial regularly provides [...]
Gelt Financial is pleased to announce we just closed a $1MM First Mortgage on a Wendy’s fast food restaurant in Johnson City, TN. This borrower reached out to us [...]
After failed attempts with previous lenders, we were able to help borrowers attain financing for the acquisition of a mixed-use Investment building in Newark, NJ. This income-producing property is an [...]
We are pleased to have secured asset-based financing for a telecommunications and IT company in Chapter 11 Bankruptcy providing them with an accounts receivable line of credit. Prior to contacting [...]
When you think about hard money loans, unconsciously, your brain pops out a photo of shady lenders who do business in alleys or in pseudo-offices with a hidden agenda [...]
Gelt Financial, was pleased to provide 100% of the financing to a new investor who found a great deal on a single-family property in Coral Gables, Florida, in need of [...]
Dip Lending, LLC is pleased to announce that it has just closed a commercial real estate loan first mortgage in New Jersey for a real estate investor in Chapter 11 [...]
JUST CLOSED IN ATLANTIC CITY, NEW JERSEY! We have a story for you. An American Dream come true. Last week we received a $65k payoff from a family who [...]
NEW PROGRAM Commercial and real estate investor mortgages from 100k and up. 30-year terms, no balloons. All credit considered, No income verification, foreign nations, Loans to LLC, credit problem ok. [...]
Gelt Financial can provide financing on inherited properties. We can supply the new owners the capital they need to payoff existing loans, fix the property up, or for other purposes to [...]
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: [...]
Gelt Financial closes a refinance on a new construction investment property in Texas. "Jack: This is Jack, this is Marcy at Gelt Financial. We just closed the loan in Manville, Texas, [...]
Gelt is now lending on Cannabis properties."Marcy: Hi, it's Marcy.Mario: It's Mario.Jack: It's Jack from Gelt Financial.Marcy: We're doing a shoutout today for cannabis.Mario: Oh, yay, cannabis. So, we're now supporting all [...]
Gelt Financial offers financing to HOA and Condo associations. There are plenty of associations who don't have time or cant go to a bank. What's when Gelt steps in and privies [...]
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, Michael discusses how Gelt Financial handles prepayment penalties on commercial mortgages. They offer a creative solution by negotiating an exit fee that allows clients to avoid paying minimum [...]
Gelt Financial just closed two fix and hold JV equity Mortgages, were we provided 100% Financing to our partner. Gelt has been helping commercial real estate and investment borrowers since 1989. [...]
Jack Miller of Gelt Financial addresses a common misconception on why some businesses file Chapter 11 Bankruptcy. Gelt Financial is a bankruptcy DIP and Exit lender.
Gelt Financial loves providing Real Estate Investors and Small Business owners the small balance mortgage financing they need. Gelt has been helping commercial real estate and investment borrowers since 1989. When [...]
Gelt just closed on a Debtor in Possession for a nonprofit in Chapter 11 Bankruptcy in Boca Raton, Florida. Hear how it all went down from our expert team! "Marcy: Hi, [...]
Jack and Marcy of Gelt Financial are excited to announce we just closed on a $1.6MM mezzanine loan on a 60k SF office building in Houston, TX. The property was valued [...]
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 [...]
Gelt Financial just closed two fix and hold JV equity Mortgages, were we provided 100% Financing to our partner.
Gelt Financial closes a rehab mortgage to finish a property in Birmingham, Alabama. "Jack: Hello, this is Jack and Marcy at Gelt. Anyway, okay, new closing property in Birmingham, Alabama. Tell [...]
Jack Miller and Marcy talk about a Mezzanine loan that just closed on a new state home in the North Shore of Long Island for a real estate investor. Mortgage broker [...]
In the video, Jack explains the concept of value add in commercial real estate. Value add refers to purchasing a property and making improvements or changes to increase its value. He [...]
Jack Miller gives a little explanation on why lenders charge prepayment penalties, the different types of them and some tips on how to analyze and negotiate the best one for your [...]
Gelt Financial provides non QM mortgages on residential investment properties. Hear more from Jack and Michael on how to get started. When your bank says NO, we say YES! "Jack: Michael, [...]
Jack Miller and Marcy talk little about how real estate investors and mortgages brokers might want to ask for 100% financing? Its best to be set up for success and sometimes its [...]
Jack Miller and Marcy talk a little about marketing basics for commercial mortgage brokers.
Construction First Mortgage closed on investment property spec home in Boca Raton, Fl. "Marcy: Hey Jack. Jack: Hey Marcy, let's tell everyone we just closed something. We normally don't do a [...]
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? [...]