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Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
03/26/2026
Property Type
Property City
Duncan
Property State
SC
Loan Term (months)
24
Lien Type
Senior
Payment Type
Interest Only
Property Value
$491,125
Loan-to-Value
71%
Location Type
Suburban
Property Condition
Good
Occupancy at Closing
Owner-Occupied
Number of Units
1
Building Square Footage
3,929
Lot Square Footage
91,476
Lot Acreage
2.1
Borrower Credit Rating
Poor
Deal Highlights
Deal Summary
Gelt Financial, a direct hard money lender, funded a $350,000 senior-lien position cash-out refinance loan secured by a free-standing commercial property in Duncan, SC. The property’s appraised value was roughly $490,000, conservatively, so our loan-to-value was 71%. This was a no-doc loan, and we did not require a minimum credit score or appraisal despite the borrower’s poor credit rating. The flexible structure provided the borrower with the time and capital needed to restabilize themselves for a long-term refinance. The Borrower plans to continue occupying the property long-term. It is approximately 3929 square feet set in a 91,476 square foot lot. The loan term was set at 24 months. This hard money loan was funded in March 2026.
Funded By
