Creative Private Lender for Investment Real Estate

Gelt Financial is a direct portfolio lender based in South Florida. We have been in business since 1989, offering non-bank loans for commercial and residential real estate investors. Deal direct with the decision makers who can approve and close your loan fast. No loan committees. We are common sense private lenders. In it’s lifetime, Gelt Financial has closed over 10,000 loans. Gelt does not shy away from complicated and difficult financing situations. We are eager and confident to tackle any obstacle that comes our way.

  • Deal directly with the decision makers
  • Credit problems understood
  • No income verification
  • Fast approvals and closings
  • Flexible lending to meet your needs
  • Collateral based
  • Mezzanine and Subordinated Debt
  • Preferred Equity and Partnership Programs
  • Foreclosure or Debtor in Possession OK
  • No look back on previous foreclosures or BK
  • Non-recourse lending
  • Mortgage brokers are protected

Please note: we do not offer loans for land, ground-up construction or owner-occupied homes.

Property Geographic Area Details
All states except AK, CA, HI, NV, OR
Loan Amounts
$100,000 to $3,000,000
Interest Rates
9.5% to 13%
Loan Terms
12 months to 60 months
Origination Fees
2% to 5%
Lien Position
1st, 2nd, 3rd, 4th
Collateral Types
  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 100%
Max LTP Multifamily: 100%
Max LTP Land: 100%
Max CLTP Mezzanine: 85%
Max CLTP Pref Equity: 100%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 75%
Max CLTV 2nd Lien Multifamily: 80%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Max CLTV 2nd Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 75%
Multifamily Value-Add
Max LTP: 100%
Max LTC: 100%
Max LTARV: 75%
Commercial Value-Add
Max LTP: 100%
Max LTARV: 65%

Property Types

  • 2-4 Units Residential
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Condominium
  • Gas Station
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Parking Garage
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Retail
  • School
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Mezzanine
  • Preferred Equity

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Bankruptcy Resolution
  • Cannabis Use Properties
  • Commercial Permanent Financing
  • Condo Conversion
  • Debtor in Possession
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Note Purchase
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • TIC Tenancy-in-Common

Junior Lien Loan Amounts

$250,000 to $10,000,000

Junior Lien Interest Rates

12% to 20%

Junior Lien Loan-to-Value

85%

Junior Lien Loan-to-Cost

100%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine
  • Preferred Equity
We offer junior mortgages and have a lot of flexibility in the structure and pricing. This is available on commercial or multi family properties.

Max Loan-to-Purchase Price

100%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Gap Lender

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

2

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

5

Legal Fee

Actual outside attorney costs

Appraisal Fee

Actual appraisal fee

Minimum Origination Fee Amount

$5,000

Fees which are mandatory for all new borrower clients

  • Due Diligence Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

yes

Typically 9-month lock-out but are flexible
Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

We do JV equity deals on stabilized or value add situations on Multi family or commercial real estate
Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
We will do non recourse deals
Credit Check Required

yes

Credit Check Description

No minimum credit score required

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Get In Touch

Gelt Financial, LLC pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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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 which we offer to real estate investors and commercial property owners, including Bridge loans, foreclosure bailout’s, no income verification , property only verification, foreign nation loans, no appraisal and non recourse loans, JV Equity, Pre Equity as well as Mezz and loans with credit problems. We offer preferred equity and recapitalization’s to existing commercial real estate partnerships. “When your Bank says no, We say YES!”

Year Established

1989

Office Locations

6401 Congress Ave. Suite 215, Boca Raton, Florida 33487

Primary Capital Source
  • Own Funds
  • Individual Investors
  • Family Offices
Alternative Capital Sources
  • Individual Investors
  • Family Offices
  • Private Equity Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

80%

Percentage of Loans Secured by Residential Property

20%

Total Number of Loans Funded to Date

11000

Total Loan Volume Funded to Date

$1,000,000,000

Our Team

Jack Miller

President & Founder

Marcy Berger

Underwriter

Michael Kelman

Business Development

Noah Miller

Vice President

Funded Deals

Get In Touch

Gelt Financial, LLC pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Asset-Based Loans for Investment Property
  • 100% LTP for Below Market Acquisitions
  • LTV up to 70% for 1st Mortgages
  • Junior Liens - 2nd Mortgage Cash Out
  • Foreclosure Bailout
  • Collateral Based Underwiring

Not Available

  • NO Rural Areas
  • NO Land or Construction Loans
  • NO Assisted Living Facilities
  • NO Specialty Property Types
  • NO Owner-Occupied Homes

Send an email to Gelt Financial, LLC