Closed: $360K Non Performing Note Purchase in Tampa, FL
ANOTHER DEAL DONE!
Gelt Financial recently closed on a purchase of a non-performing loan collateralized by a medical office building in Tampa, FL. The note was purchased at PAR and paid off the remaining principal balance and accrued note interest. Gelt is open to paying PAR if our loan-to-value is under 65% and the property fits our criteria.
Looking to sell your nonperforming loans? Gelt buys nonperforming and sub-performing loans nationwide, between $100k and $3MM.
We are in the office and closing creative deals QUICKLY. 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 various 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
Gelt Financial just closed a $265K First Mortgage on an investment home in Bayville, NJ. This borrower reached out to our expert loan originators to close the deal quickly. [...]
Hard money lending is a type of financing in which a borrower receives a short-term loan secured by real property. Investors typically [...]
Gelt Financial has provided a First Mortgage on a residential investment property in Wildwood, NJ. The property was a townhome, one block from the beach and Gelt was able to [...]
JUST CLOSED IN BOCA RATON, FLORIDA! Gelt Financial just closed on a $250K Second Mortgage in Boca Raton, FL. Using DIP financing, also known as Debtor In Possession Financing, [...]
Gelt Financial was able to arrange to finance for the hard-working owners of a business and commercial real estate a sports retailer using their commercial real estate as collateral [...]
CLOSED IN FOUR BUSINESS DAYS!Gelt Financial is excited to announce we just closed a $600K First Mortgage on an investment condo in Daytona Beach, FL. This project was creative financing [...]
Here Are A Few Likes and Dislikes For Mortgage Brokers Dislikes Sorry we do not lend on land or development deals (it's not that we dislike these it's we don’t [...]
We just provided an experienced real estate investor 100% financing on a new purchase by talking an additional property as collateral, our mortgages were on two single-family properties in [...]
An email we just received from a mortgage broker.. We love working with mortgage brokers and have some so for 30 years. Dear Jack and Marcy, All too often it [...]
Auto Body Shop in St Louis, Missouri, No income qualification with credit challenges for a 3-year term. Our No Income Qualification Refinance Options We are fast and flexible, deal directly [...]
Gelt is pleased to have relocated its offices to 5300 Atlantic Ave, Suite 205, Delray Beach, Fl 33484, We are very excited about this move it will give us the [...]
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 [...]
JUST CLOSED IN FORT LAUDERDALE, FLORIDA! Gelt Financial just closed a $600K First Mortgage on a retail building in Fort Lauderdale, FL. The borrower was having trouble finding a [...]
We love closing loans and helping small business owners and investors in commercial real estate: Closed cash-out refinance of Fix and Hold Single-family rental property in New Jersey. Borrower purchased [...]
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 [...]
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 [...]
Gelt Financial has provided a First Mortgage on a Single Family Investment Property in Boise, ID. "Gelt is flexible with how we structure deals and that gives us a real [...]
JUST CLOSED IN NORTH FORK, NEW YORK!Gelt Financial is excited to announce we just closed a beautiful Single-Family Investment Property in North Fork, NY. This home is centered in picturesque [...]
Closed loan on a Mixed-use property. We financed this borrower one year ago right out of bankruptcy with a one-year term loan, now they have reestablished their credit and we [...]
No Income Commercial Mortgage Closed By Gelt Financial Small commercial no income verification purchase mortgage for the owner of a small business, When your bank says No, we say Yes. [...]
Gelt Financial is thrilled to announce that we have successfully closed a $273K loan for a commercial retail property in Albuquerque, NM. We partnered with a mortgage broker to [...]
Gelt Financial, LLC provided self-amortizing financing for a 19-unit, self managed condominium association. The association will be using the financing to make capital improvements. Most banks would not extend financing [...]
JUST CLOSED IN DELAWARE! Gelt Financial, LLC and QuickLiquidity provided $500,000 in bridge financing to a highly experienced developer & investor on a 192-unit multifamily property in Delaware. The [...]
Gelt Financial president H. Jack Miller was recently featured as a real estate expert in the feature “What Happens to My Mortgage If My Lender Goes Bankrupt?” on U.S. News [...]
Gelt just provided a experienced real estate investors and repeat borrower of Gelt's financing on land in Miami, Florida that's zoned for 9 units. "Jack: We're on. Marcy: Hi, how are [...]
Gelt Financial closes a refinance on investment condominium in Jersey City, NJ. "Jack: Hello, this is Jack and Marcy again, here to tell you about a loan. A loan we just [...]
Gelt is excited to provide first mortgage financing for an owner of a day care center in Chicago. He is an experienced operator and this is a new business for him. [...]
Jack Miller answers the question: can someone be a part-time mortgage loan officer or mortgage commercial broker? "Hi, this is Jack Miller. You know, I want to answer a question that [...]
Gelt Financial loves working with Mortgage Brokers, and a very common question is how they get paid. This very short video answers that question. "Jack: Michael, how do Brokers get paid? [...]
Jack and Marcy share some real-life tips for commercial Mortgage Brokers: "Jack: Okay, we're starting; we're improvising here. Marcy: Yes, because we have had mechanical problems this morning. Jack: I'm embarrassed [...]
Jack Miller talks about surviving a down term. How he survived numerous downturns and reinvested the company. What he learned along the way. "Well, this is Jack Miller. I hope this [...]
Gelt Financial provided $500,000 as a first mortgage on an office Condominium in Orlando Florida, No appraisal, No income, No Credit, No Recourse financing. fast approval and closing. Gelt has been [...]
Learn to say NO more, and you will be more focused and productive in achieving the results you want. "Jack: Okay, Jack and Marcy at Gelt Financial here. So, we want [...]
Jack Miller and Marcy talk about a fast closing on a mixed use property in New Jersey that a residential mortgage broker brought to us when no one else could close [...]
Jack Miller talks about what a Break up fee is and why and how it comes into play. "Hi, this is Jack Miller from Gelt Financial. I hope you're having a [...]
What is a Mezzanine loan. Gelt lends up and down the cap stack, debt and Equity. "Marcy: Hi. Jack: Hello, Jack and Marcy, making a socially distanced video on what a [...]
Jack Miller goes into detail on why real estate investing is the best inflation hedge and investment. He goes over it step by step. "Hello, this is Jack Miller. I hope [...]
Gelt Financial just closed a collateral-only first mortgage on a commercial property in Fort Lauderdale, FL, within 10 days. "Marcy: Hi, this is Marcy and Michael, and we're going to talk [...]
Gelt Financial, LLC just closed a $1,000,000.00 first mortgage on a Building leased to Wendy's in TN. This was closed without an appraisal and within a week, the borrower needed a [...]
Jack Miller gives a little explanation on why lenders charge prepayment penalties, the different types of them and some tips on how to analyze and negotiate the best one for your [...]
In some situations, Gelt Financial does not require a credit report on residential investment property financing and Small commercial Mortgage Financing. Watch our latest YouTube video to learn more! Gelt has [...]
Gelt is excited to partner with a local real estate investor. We provided 100% debt and equity in a deal where we purchased an office building and leased it out to [...]
Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES. "Jack: So, what— a little interview. Marcy: Sure. Jack: A little [...]
Gelt Closed a first mortgage on a single family investment property. "Jack: Hi, this is Jack, and this is Marcy. We're social distancing at Gelt Financial. I hope everyone is having [...]
In the video Jack shares his experience in real estate investing and the importance of long-term strategies. He mentioned that real estate is not always a quick way to make money, [...]
First Mortgage Commercial Mortgages on an owner occupied restaurant in Illinois. No income verification. "Video Title: First Mortgage Financing on Owner Occupied Restaurant in Illinois Speaker: Jack Miller and Marcy Berger [...]
Gelt Financial closes a refinance on 2 auto related properties in Ohio, while the borrower was in Chapter 13. "Marcy: Hi, it's us again. Jack: It's us, this is Jack and [...]
Gelt closed on strong value add deal in a major city, providing 100% financing. The property was purchased at a foreclosure auction, leased back to the owners and sold for a [...]
