Gelt Financial, LLC

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
JV equity 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: Alaska, Arizona, California, Hawaii, Idaho, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah, Vermont

Loan Amounts

$50,000 to $3,000,000

Interest Rates

11% to 14%

Loan Terms

12 months to 60 months

Origination Fees

1% to 3%

Lien Position

1st

What we do:

1st Mortgage Loans for Investment Property

65% LTP for Acquisitions

65% LTV for Refinances

Foreclosure Bailout

Bankruptcy Exit

HOA/COA Financing

What we don’t consider:

Rural Areas

Land or Construction Loans

Heavy Rehab

Development

Assisted Living Facilities

Specialty Property Types

Owner-Occupied Homes

Credit Check Required

yes

No minimum credit score required

Prepayment Penalty

yes

Typically 9-month lock-out but are flexible

Typical Closing Time (Days)

Maximum Leverage

Purchase Short-Term (no Value-Add)

Max LTP Residential: 65%

Max LTP Multifamily: 65%

Max LTP Commercial: 65%

Purchase Long-Term

Max LTP Residential: 65%

Max LTP Multifamily: 65%

Max LTP Commercial: 65%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Residential: 65%

Max LTV 1st Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 65%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Residential: 65%

Max LTV 1st Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 65%

Residential Fix & Flip

Max LTP: 65%

Max LTC: 65%

Multifamily Value-Add

Max LTP: 65%

Max LTC: 65%

Commercial Value-Add

Max LTP: 65%

Max LTC: 65%

Property Types

2-4 Units Residential
Auto Dealership
Auto Repair
Cannabis Dispensary
Car Wash
Child Day Care
Club
Commercial Condominium
Condominium
Cooperative
Gas Station
Hotel
Industrial
Manufactured Home
Mixed-Use
Mobile Home
Mobile Home Park
Motel
Multifamily
Night Club
Office
Parking Garage
Portfolio of Commercial Properties
Portfolio of Residential Properties
RV Park
Retail
School
Single Family Residence
Storage Facility
Student Housing

Loan Types

Private Money
Hard Money
Residential Bridge
Multifamily Bridge
Multifamily Rehab
Commercial Bridge
Commercial Property Value Add

Specialty Loan Types

Bankruptcy Resolution
Cannabis Use Properties
Commercial Permanent Financing
Condo Conversion
Debtor in Possession
Discounted Note Payoff
Foreclosure Bailout
Luxury Homes
Note Purchase
Partner Buyout
Primary Residence Business Purpose Cash Out
Residential Long-Term Rental
Residential Short-Term Rental
TIC Tenancy-in-Common

Max Loan-to-Purchase Price

65%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

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

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

Legal Fee

Actual outside attorney costs

Fees which are mandatory for all new borrower clients

Due Diligence Fee

Fees which are paid to a third party company

Legal Fee
Title Fee

Details and Requirements

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized

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

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

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%
Tenant Occupied Partial
Owner Occupied Commercial

Gelt Financial, LLC Testimonials

""One of the best companies you can work with when is comes to commercial real financing. Very fast dedicated and pays commission to their broker the SAME DAY as the borrower is funded. I love the Gelt team. I will continue to do business with them and I suggest you do too. And they give incentives and cool monthly gifts.""

""My experience with Gelt ranks high among the BEST I have had working with any lender. The speed and efficiency of the transaction made this loan close in record time despite being a difficult deal. The Gelt team is a well-oiled machine as such required minimal effort from me. I'm certainly looking forward to my next transaction with them.""

""The entire team at Gelt Financial was able to critically assess and formulate innovative solutions to critical challenges pertaining to one of our investment transactions. Their team recognized our needs and expectations and literally bent over backwards for us. One of the most important quality that we look for in a lender for all of our investment transactions is the ability to problem solve. Without question, Gelt absolutely accomplished this. Looking forward in working with your team again in the near future. Thank you!""

Contact Gelt Financial, LLC

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561-933-XXXX

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Gelt Financial, LLC (“Gelt”) is a Balance Sheet Investment property and 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 $50,000 and $3 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, with credit problems. We offer preferred equity and recapitalization’s to existing commercial real estate partnerships. “When your Bank says no, We say YES!”