The real estate industry has been on the rise for almost a decade now, and it continues to grow thanks to the booming economy. But analysts claim that this [...]
3 min readPublished On: October 22nd, 2019Categories: Bridge Loan, Bridge Mortgages, Commercial and Investment Real Estate, Commercial Mortgage, Hard Money Loans, Investors, Loans, Mortgage, Non-Bank Commercial LendersWhen a company is going bankrupt, there are things they can sell other than its assets. For one, they can also sell their debt. What is Distressed Debt? Distressed debt [...]
3 min readPublished On: October 19th, 2019Categories: Commercial and Investment Real Estate, Distressed Debt and Hedge FundsHere 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 [...]
1 min readPublished On: October 3rd, 2019Categories: Bankruptcy, Business, Commercial and Investment Real Estate, Foreclosure, Hard Money Loans, Likes and DislikesGelt Financial has just closed a blanket loan on owner-occupied gas stations and C-stores in New Jersey. The current Bank called the loan due and put them in foreclosure and [...]
0 min readPublished On: March 28th, 2019Categories: Deals DoneGelt Financial just refinanced an operating Gas station and C store in Pleasantville, New Jersey. When the owner of this property found himself on the receiving end of a default [...]
2 min readPublished On: November 20th, 2018Categories: Bridge Loan, Commercial and Investment Real Estate, Deals Done, Foreclosure, Mortgage, Mortgage BrokersQuote from mortgage Broker "Thanks for getting right back to me – you are the most responsive lender I deal with" We love working with mortgage brokers.
0 min readPublished On: October 9th, 2018Categories: Mortgage Brokers, Private Lenders, QuoteJack Miller, President of Gelt Financial, LLC talks to industry expert Rocky Butani, Founder and President of Private Lender Link.com about finding and using hard money and private lenders in [...]
1 min readPublished On: October 7th, 2018Categories: Mortgage, Mortgage BrokersWe are excited to once again step in and help those who banks won’t. In this case, it was owners of a mixed use property in New Jersey which we [...]
1 min readPublished On: September 21st, 2018Categories: Business, Commercial and Investment Real Estate, Deals Done, Mixed Use Property, No Income Verification, Small BusinessWe were excited to close the first mortgage on a value add property in Jackson, MS. This was brought to us by a mortgage broker, the property was partially [...]
1 min readPublished On: September 2nd, 2018Categories: Bridge Loan, Commercial and Investment Real Estate, Commercial Mortgage Professionals, Commercial Real Estate Loan, Deals Done, Mortgage, Multi FamilyGelt Financial assisted the owner of a 35 unit apartment building in North Huntingdon, PA in arranging a cash-out refinance using the Freddie Mac Small Balance Loan program. The Borrower [...]
1 min readPublished On: August 2nd, 2018Categories: Deals Done, Mortgage, Multi FamilyWe provided the financing for hard-working self-employed businesswomen to purchase a used car lot and repair center in Philadelphia, PA, under our No income documentation business owner programs. The loan [...]
1 min readPublished On: June 24th, 2018Categories: Commercial and Investment Real Estate, Commercial Mortgage, Commercial Mortgage Professionals, Mortgage, No Income VerificationClosed loan- We were able to help this borrower obtain a cash-out refinance on his mixed-use building in Philadelphia PA. The borrower was able to pay off his higher interest [...]
0 min readPublished On: June 1st, 2018Categories: Commercial and Investment Real Estate, Mortgage, No Income VerificationWe are loving #Nashville, TN, we just closed an $801,000.00 loan on a retail strip center at 100% loan to cost for an experienced real estate investor. We are fast and [...]
0 min readWhether you’re a one or two-person shop or a large, correspondent lender that lends across the state or across the country, you know there are times when you get a [...]
3 min readPublished On: March 18th, 2018Categories: Bridge Mortgages, Commercial and Investment Real Estate, Mortgage Brokers, MortgagesYou’re in the business of providing permanent financing for all types of residential properties from single-family homes to multi-family properties. You also have solid resources to fund certain types of [...]
3 min readPublished On: March 18th, 2018Categories: Bridge Loan, Bridge Mortgages, Commercial and Investment Real Estate, LoansWho is your lender, is as important as what deal you get... Since 1989. In the past week some examples of how we work with our borrowers. 1. One of [...]
0 min readPublished On: March 7th, 2018Categories: Commercial and Investment Real Estate, Gelt FinancialGelt Financial recently arranged $9.8 million in commercial first mortgage financing for the real estate holding company of a large substance abuse recovery center. The company acquired three properties in [...]
1 min readPublished On: February 25th, 2018Categories: Bridge Mortgages, Commercial and Investment Real Estate, Commercial Mortgage, Gelt Financial, MortgageWe 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 [...]
1 min readPublished On: December 6th, 2017Categories: Commercial and Investment Real Estate, Commercial Mortgage Professionals, Commercial Real Estate Loan, MortgagesWe 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 [...]
0 min readPublished On: October 30th, 2017Categories: Commercial and Investment Real Estate, Fix and HoldH. Jack Miller recently said how proud he was of the entire Gelt Financial, LLC team for their hard work. We are lucky to have a team of very [...]
0 min readPublished On: August 19th, 2017Categories: Commercial and Investment Real Estate, Commercial Mortgage ProfessionalsGelt Financial, LLC recently closed a blanket mortgage on three retail properties in foreclosure, thought a series of bank mergers the latest bank put this paying loan in default after [...]
1 min readPublished On: August 19th, 2017Categories: Business, Commercial and Investment Real Estate, Foreclosure, MortgageGelt Financial, LLC approved a “DIP” Debtor in Possession first mortgage on a health care facility in New England. Over the years Gelt has developed a specialty in helping owners [...]
0 min readPublished On: July 9th, 2017Categories: Bankruptcy, Commercial and Investment Real Estate, DIP, MortgageJack Miller is pleased to speak and take part in a panel discussion “Alternative Financing Solutions for Real Estate Deals” at the 2nd Annual Mid-Atlantic Real Estate Capital Markets Conference [...]
1 min readPublished On: April 15th, 2017Categories: Commercial and Investment Real Estate, Commercial Real Estate Loan, Gelt FinancialBorrower cashed out $230k on a 2-bedroom luxury condominium in the heart of downtown Miami, FL. We paid off his first mortgage and gave them a new mortgage of $603k, [...]
1 min readPublished On: April 6th, 2017Categories: Commercial and Investment Real Estate