Closed: Mezzanine Loan on a three property NNN Portfolio
TRIPLE-NET DEAL CLOSED IN ALABAMA, OHIO, AND TEXAS!
Gelt Financial is excited to announce we just closed on a $500K Mezzanine Loan on an NNN Portfolio in Alabama, Ohio, and Texas. Our second mortgage allowed this professional investor to catch up on payments and sell his investment properties, using the profits to pay us off. All three NNN properties were leased to national credit tenants. Short-term financing was the key solution for the borrower’s cash-out plan. No income verification. Limited documentation. We had to move FAST to close on this unique deal by the end of the year.
When your bank says NO, we say YES!
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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