Closed: $700K First Mortgage in Lake Worth, FL

By |1 min read|Published On: March 24th, 2023|Last Updated: September 5th, 2023|

Lake Worth, Fl aerial view


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.

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