Closed: $250K Land Loan in Miami
JUST CLOSED IN MIAMI, FLORIDA!
Gelt Financial is happy to announce we just closed on a $250,000 Land Loan in Miami, FL. This piece of land is zoned for nine residential units, is close to the water, and is for an experienced real estate investor and developer. The borrower was a repeat borrower of ours and needed to refinance. The asset was cross-collateralized with a 2nd lien on another investment property. No appraisals or any third-party reports were done by Gelt Financial, nor were any income verifications executed. The deal was approved within HOURS of us seeing it and closed within ten days.
Gelt Financial is open to making land loans with a focus on South Florida land.
View more closed commercial hard money loans in Miami.
Need to close quickly? We are your non-bank lender for commercial mortgages of $3MM or less. Deal directly with the decision-makers. When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We have 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. We offer a wide array of mortgage products including bridge loans, no-income verification programs, foreclosure buy-out programs, DIP, JV Equity, and subordinate debt.
Deal directly with the decision-makers. 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 does on Gelt’s YouTube channel and for more info on our completed deals, check our Deals Done.
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