Closed: $500K Second Mortgage in New York City
JUST CLOSED IN NEW YORK CITY, NEW YORK!
Gelt Financial is proud to announce we just closed a $500K second mortgage on a 40+ unit apartment building in New York City, NY. The borrower was a very experienced developer/investor who needed working capital. The private mortgage was non-recorded, with limited docs required. This multifamily investment property was recently completed and is in the lease-up phase. It is in the process of becoming stabilized, so we were comfortable with the collateral. No appraisal was required.
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 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.
Private Money Lender – Related posts
Thinking about a mortgage loan from a big-name bank or a private mortgage lender, but you aren’t sure which one to choose? Think again—the differences will [...]
Should you buy a house during a recession? Written by AJ Dellinger, Bankrate As inflation grows and gross domestic product declines, many fear that the [...]
We closed the first mortgage for an experienced fix and flip investor cash out on a newly rehabbed SFR in New Orleans LA. Borrower completed a full rehab on the [...]
Gelt Financial providing loans to HOAs for required repairs and reserves between $100,000 and $3MM Gelt Financial is a leading provider of loans to homeowner’s associations (HOAs) for required repairs and [...]
Some Reasons To Deal with Gelt Financial For Your Commercial or Real Estate Investment Mortgage We have a long history and were founded on February 1, 1989 Experience: We [...]
JUST CLOSED IN DAYTON, OHIO! Gelt Financial just closed a $115K First Mortgage on a retail/office building in Dayton, OH. This small-balance mortgage used Gelt's funding to purchase two [...]
Exciting news from Gelt Financial! We recently closed a $450K sale leaseback deal for a Residential Investment Property in New Jersey. The best part is, we made it happen [...]
Top Hard Money Lender In Florida Hard money lenders have hard-won reputations because they don’t have the recognition of a national bank or other large, ubiquitous [...]
Gelt Financial just closed a $150K low-leverage cash out refinance on a renovated condo unit in Naples, Florida. The borrower inherited the unit, completed improvements, and is preparing to [...]
When submitting loan requests to a private lender, it is important to provide as much information as you can to get a quick response and ensure that your deal [...]
Benefits of using a joint venture equity partner to buy real estate: Using a joint venture equity partner can provide several benefits for real estate investors. Here are some of [...]
Gelt Financial just closed a $150K low-leverage cash out refinance on a renovated condo unit in Naples, Florida. The borrower inherited the unit, completed improvements, and is preparing to [...]
Commercial Financing & Real Estate Investment Programs February 19, 2015 Press Release Gelt Financial Corporation, in business since 1989, is pleased to announce several new Real Estate Investment & Commercial [...]
Gelt Financial, LLC is pleased to have closed two small multi-family mortgages for a real estate investor who needed the cash out to use on another property.
JUST CLOSED! Gelt Financial just funded a $130K Note-on-Note financing deal for a warehouse in Oakhurst, NJ . The borrower already held the 1st mortgage, making it the perfect [...]
Just Closed! Gelt helped fund a $175K 12-month interest-only loan for a multi-family property in Brooklyn, New York. We helped the borrower get all cash out from his fully owned 6-unit multi-family property — no mountains of paperwork, just a fast, smooth solution. Looking for fast, all cash-out financing for your investment property? Gelt Financial can make it happen. When your bank says NO, we say YES! [...]
It would seem that the interest rate and loan terms are the most things to look for when choosing what mortgage company to go with, but the question is more [...]
Gelt Financial just closed a $500,000 note-on-note financing deal for a commercial property in Columbia, South Carolina — and we got it done in just two business days. With [...]
You are debating receiving your real estate loans from either a bank or a private lender. There’s been a lot of talks lately about private lenders like us here [...]
Written by Beth Mattson-Teig of WealthManagement.com contributing expert Gelt Financial The increased capital flowing to the preferred equity space far outweighs the volume of available deals. Real estate investors looking [...]
We were able to assist a borrower with cash-out refinance out on his 3 unit medical office building in Green Bay, WI with limited documentation. The building has 3 units [...]
Miami Preferred Equity MultiFamily: Gelt Financial, a leading commercial real estate lender, announced the closing of a preferred equity investment on a 16-unit Multifamily property in Miami, FL. Gelt [...]
Debtor-in-possession financing, commonly referred to as DIP financing, is a type of financing central to companies in bankruptcy, specifically those who have filed for Chapter 11 bankruptcy protection within [...]
Great news for our clients! We are excited to announce the successful closing of a $385K mortgage on an investment condo in West New York, New Jersey. This deal was [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Marcy: Hi. Jack: Hello, it's Marcy and Jack from Gelt Financial. [...]
Marcy and Jack get a little personal and talk about how grateful and appreciative we are.Jack: This is Marcy and Jack at Gelt Financial. Marcy's suggestion—Marcy, you get the credit for this [...]
Gelt closed another Mezzanine loan on 3 properties in 3 states with 3 tenants. this was a Collateral based loan. "Jack: I personally, I'm super excited. We just closed a mezzanine [...]
Jack Miller gives a little background on what a Loan Loss reserve or an Allowance for a loan loss reserve is in lending. "Hi, this is Jack Miller. I want to [...]
Marcy and Jack talk a little bit about the increasing interest rate environment and what it means for commercial mortgage brokers and borrowers, and how to take advantage of it. "Marcy: [...]
Jack Miller and Marcy closed a very quick closing in Florida for a real estate investor on a single family investment property."Marcy: Hi Jack.Jack: Hey Marcy, how you doing? Our first video [...]
In Bridge Loans by Gelt Financial | Commercial Bridge Loans - Explained the video discusses bridge financing, which is a short-term loan used for two purposes: to make money, such as [...]
Gelt closed another deal in 5 working deals, a rehab in Miami, collateral based no appraisal. "Jack: Hey, Marcy Berger, how are you? We're making a YouTube. We haven't made one [...]
In this video, Jack discusses a closed deal in Chesapeake, Virginia. Wherein $220,000 is provided, first mortgage on a mixed-use property to a real estate investor with poor credit. The borrower [...]
Jack Miller goes over the Mortgage Brokers' Commissions, Mortgage Broker Fee Income, and more
Gelt Financial does the processing for mortgage brokers. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES!
Jack Miller and Marcy talk a little about marketing basics for commercial mortgage brokers.
Here is a client testimonial and review from our client Sam. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Hi [...]
We are here to help our borrowers through the financing process. When one of them was short $150,000.00 on a mixed-use property, we lent them the additional money. One of the many [...]
Washington DC, Investment real estate 2 unit 1st Mortgage Bridge Loan cash out refi, No income verification foreclosure bail out. Fast approval and Closing. When your bank says No, we say [...]
Gelt closes collateral based first mortgage in San Antonio, Texas. Brought to us by a mortgage broker, closed very fast. "Jack: Okay, Marcy Berger, the angle is perfect. We're making this [...]
We do not have any minimum credit scores and in some cases, credit is not needed. Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says [...]
Is Gelt Financial a Hard Money Lender or a Private Lender? Whats the difference? What is a subprime lender? "Hi, I hope you're having a good day. I want to make [...]
We completed a mixed-use property first mortgage refinance for a non-U.S. resident who is a foreign national and lives and works overseas. He has no credit or no personal income. We did [...]
Gelt Financial closes a cash out, mixed use, no income verification mortgage in Indianapolis, IN. "Marcy: Hi. Jack: Hi, this is Jack and Marcy at Gelt. Marcy: How are you? Jack: [...]
Paul talks about some of the deals we are closing in February. No personal income, no credit, no appraisal. Same day approval and fast closings! When your bank says NO, we [...]
Gelt Financial, LLC focuses on DIP Lending, also known as Debtor-in-Possession Financing and exit financing for Chapter 11 bankruptcy cases. Jack Miller gives a little history and overview of DIP financing [...]
Gelt Financial closed a 1st mortgage cannabis dispensary in NJ for a cash out refinance to fix up the property, no appraisal or income verification. When your bank says NO, we [...]
In Bridge Mortgage Loan Paid Us Off | Bridge Loans the video discusses a successful payoff of a bridge mortgage loan from Gelt Financial. The borrower owned three properties but had [...]