Closed: Mezzanine Loan on a 1.2MM property
JUST CLOSED IN THE HAMPTONS, NEW YORK!
Gelt Financial is excited to announce we just closed on a $1.25MM Mezzanine Loan on a stunning property in The Hamptons, NY. The single-family investment property was brought to Gelt through a broker relationship. We funded a Second Mortgage with low leverage. The First Mortgage had a pre-payment penalty so this high net worth individual was seeking additional financing with a short-term loan. Fast closing. Limited documentation from the borrower and no credit history. We make deals happen.
When your bank says NO, we say YES!
View other New York hard money loans.
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We 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.
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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