Closed: Multifamily property in Chicago

By |1 min read|Published On: March 14th, 2022|

DEAL CLOSED IN CHICAGO, ILLINOIS!

Gelt Financial just closed on a $900k Bridge-to-Agency Loan in Chicago, IL. This professional investor could not close with traditional financing from Fannie/Freddie due to short timeframes. Instead, the borrower contacted Gelt and we refinanced their value-add multifamily with a private bridge loan. This apartment building purchase included 21 units and needed to happen quickly. We closed in under 10 days. No credit verification. Limited docs. 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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