Gelt Financial

Private Commercial Lenders. When your bank says No, we say Yes!

: Michael Kelman

Show phone number 5612210900110

Bridge Loan 6 month to 5 year
Property Types	2-4 Units, Assisted Living, Automotive, Bar, Car Wash, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Medical Facility, Medical Office, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	11%
Points Minimum 1st TD	2
Points Maximum 1st TD	5
Terms	6 month, 1 year, 2 year, 3 year, 4 year, 5 year
Typical Days Required to Fund	6-10 Business days
Fees	Appraisal
Cross Collateralize Blanket	Yes
Intended Occupancy	Owner Occupied Business Purpose, Tenant, Vacant
Recourse	Recourse and Non Recourse available
Updated as of	2024-04-06

Summary of all Guidelines
Loan Types	Bridge Loan, Commercial Loan, Hard Money Loan
Property Types	2-4 Units, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, SFR
Lendding Area	alabama, arkansas, colorado, connecticut, delaware, florida, georgia, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, vermont, virginia, washington, washington-dc, west-virginia, wisconsin, wyoming
States Excluded	California
Loan amount Minimum	$50,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	12%
Interest Rate Maximum	16%
Points Minimum 1st TD	3
Points Maximum 1st TD	5
Terms	6 months, 1 year, 2 years, 3 years, 4 Years, 5 years
Interest Only or Amortized	Interest Only
LTV Bridge Refi No Cash Out	65
LTV Bridge	65
Minimum value per property or unit	250000
Special Features	BK, Foreclosure, Short Sale or Loan Mod Limited seasoning, Blanket, Foreclosures, Low FICO score, No minimum FICO Score, No third-party appraisals, Note acquisition
Rural Acceptable	Rural OK

Gelt Financial was founded in 1989 and is based on the core values of hard work, transparent services and products, and exceeding the highest of expectations in everything we do. As a company, we have accomplished a lot that we can be proud of. We have helped over 10,000 hardworking people finance their investment properties, making a better life for themselves.

WE HAVE PROVIDED OVER $1 BILLION IN FINANCING SINCE 1989!

Gelt does not shy away from complicated and difficult financing situations. We work with business owners and commercial real estate investors across the country on all types of cash-flowing assets. We work with clients who would not qualify for traditional bank financing due to quick closing, poor credit, not enough documentation, or other challenging situations.

BORROWERS
[] Deal directly with the decision-makers
[] Credit problems understood
[] No income verification. Qualification and self-employment programs
[] Fast approvals and closings
[] Flexible products to meet your needs
[] Collateral based lending
[] Interest only terms
[]Loans to an LLC
[] Non-recourse lending
[] Investment Properties Only

MORTGAGE BROKERS
[] Mortgage Brokers are protected
[] Mortgage Broker friendly
[] Deal directly with the decision makers
[] Credit problems understood
[] No income verification, qualification and self-employment programs
[] Fast approvals and closings
[] Flexible products to meet your clients needs
[] Collateral based lending
[] Interest only terms

Gelt Financial recognizes that 'one size does not fit all,' and as such, we want to give our borrowers more choices and input in designing the right terms that fit their needs.

ONE SIZE DOES NOT FIT ALL.
We offer:
- Non-recourse -- first mortgages on stabilized income producing real estate
- Rush deals -- we work with our borrowers to meet their time frames
- Prepayment and lock periods -- can be waived or customized to meet the goals of the borrower
- Term -- we will offer terms up to 5 years
- Real Estate and Tax Escrow -- we will give the borrower the choice if they want us to escrow their real estate taxes and insurance, or if they want to pay them on their own.
- Documentation -- we will waive unnecessary documentation and offer light documentation loans
- Fixed-Floating -- the borrower can choose if they want a fixed or a floating rate
- Rate -- we offer competitive rates
- Appraisals -- no appraisals required

All of this is designed to let the borrower have more flexibility in designing the mortgage terms that best fits their needs.

Gelt Financial is located in Boca Raton, FL. They offer financing for Bridge Loans, Hard Money Loans and Commercial Loans. The property type they primarily lend against is SFR, 2-4 Units, Multi Family, Office, Industrial, Retail, Mixed use, Mobile Home Park and Self-Storage. Their minimum loan amount is $50,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 3 months. Maximum duration of 6 months;1 year;2 years;3 years;4 Years;5 years. Although rates can change they are typically lending at a minimum rate of 12%. Maximum interest rate of 16%. Points charged are deal specific, but historically have charged a minimum of 3. Maximum points charged are 5.

These descriptions are limited information and meant for general reference purposes.

6401 Congress Ave, Suite 215

Boca Raton,

33487

Gelt Financial, LLC (“Gelt”) is a Balance Sheet commercial lender satisfying its clients’ financial needs and goals since 1989. Gelt’s robust commercial product offerings are available across the country to US Citizens and Foreign Nationals. We focus on loans between $100,000 and $5 million. We also have a portfolio product that we offer to real estate investors and commercial property owners, including bridge loans, foreclosure bailouts, foreign nation loans, no appraisal and non-recourse loans. JV Equity, Pre Equity as well as Mezz and loans with poor credit, no appraisal, income trouble, etc. We also offer preferred equity and recapitalization to existing commercial real estate partnerships. “When your Bank says no, We say YES!”