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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/15/2019
Property Type
Mixed-Use
Property City
Chicago
Property State
IL
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Gelt Financial, a direct CRE private lender, funded a $200,000 1st lien position private mortgage loan for the acquisition of a mixed-use property in Chicago, Illinois. The Borrower was an attorney who purchased the property at a discounted price. We provided the first mortgage under our no-income qualification program. This private mortgage loan was funded in February 2019.
Funded By
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989