Closed: $360K Non Performing Note Purchase in Tampa, FL

By |1 min read|Published On: November 18th, 2022|


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.

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