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: Alaska, Arizona, California, Hawaii, Idaho, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah, Vermont
Loan Amounts
$100,000 to $5,000,000
Interest Rates
10% 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
  • RV Park
  • Retail
  • School
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Commercial Bridge
  • Commercial Property Value Add

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


Junior Lien Loan-to-Cost


We Fund Junior Position Loans


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


Borrower Must Have Property Under Contract


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


Minimum Number of Value-Add Projects Completed by Borrower


Will Provide Funds for Renovation Costs


Max LTC for Renovation Costs


Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw


Legal Fee

Actual outside attorney costs

Appraisal Fee

Actual appraisal fee

Minimum Origination Fee Amount


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)


Fastest Closing Time (Days)


Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty


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


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


Will Consider Collateralizing Multiple Properties in One Loan


Will Consider Equity Joint Venture


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
We will do non recourse deals
Credit Check Required


Credit Check Description

No minimum credit score required

Appraisal Required for Residential Property


Appraisal Required for Commercial Property


Broker Price Opinion (BPO) Accepted for Residential Property


Broker Price Opinion (BPO) Accepted for Commercial Property


Gelt Financial, LLC Testimonials

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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


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


Percentage of Loans Secured by Residential Property


Total Number of Loans Funded to Date


Total Loan Volume Funded to Date


Our Team

Jack Miller

President & Founder

Marcy Berger


Michael Kelman

Business Development

Noah Miller

Vice President

Contact Gelt Financial, LLC

Gelt Financial, LLC pays us to be listed, so there is no fee to connect with them directly. Call them, send an email, or share your loan request.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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Our Minimum Loan Amount Is


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