What makes Gelt Financial different, and why do our customers love us?
Direct Lender - As a direct, non-bank lender, Gelt has the flexibility to do deals that make sense. Since we don’t sell our loans; we make our decisions based on common sense, not on secondary market guidelines.
Speed - When you need an answer immediately and a closing fast. Most banks take as long as 4 weeks just for an approval and several months for a closing. Gelt approves most loans within an hour and closed most loans within a few weeks.
Location - Gelt loves lending in urban areas.
Tax Returns - Gelt recognizes that a lot o self-employed borrowers do not show a lot of net income on their tax returns. That’s OK.
Bank Statements - We also understand that some of our clients operate "cash" businesses and don’t like to keep a lot of money in the bank.
Credit - Gelt understands that not everyone has the best credit in the world and offers programs for people with perfect credit and people with not the best credit scores.
Vacant Properties - Gelt will give you a loan to buy a vacant property and can even defer the mortgage payments until it’s rented out.
Renovation - Gelt can give you money to renovate any type of property in any condition.
New Construction - Gelt can lend you money to build an investment or commercial property.
Secondary Financing - Gelt will allow the seller to hold back a 2nd mortgage so that the buyer can get it with a low down payment. (On commercial loans, we can sometimes even loan you the 2nd mortgage through our Mezzanine Financing program)
Appraisals - Gelt bases it’s loans on what a property is worth, not what you’re paying for it. If you’re getting a great deal and buying a property below market value, Gelt will allow you to take advantage of that, give you a higher loan where there may be no or a very small down payment.
Reduced monthly payments - Gelt can structure a loan where your monthly payments are reduced. This is great for a property that it partially rented or rented below market rents. The Reduced payment will allow you time and flexibility to increase the monthly rents.
Deferred monthly payments - Gelt can defer the monthly payments for several months to over a year in order to give you time to rent a property out, renovate a property or build a property.
No stiff pre-payment penalties - We structure any pre-payment penalty around your plans. We recognize that some of our clients may plan to sell a property in a year, several months or several days. That’s OK. Let us know your plans and we’ll help structure a loan that first you best.
Recourse - Borrow with or without personally guaranteeing the loan.
Self Directed IRA loans - Gelt will give you a loan so that you can buy a property with your Self Directed IRA.
Make Sense Underwriting - Let us know what you’re trying to accomplish and why. If it makes sense to us, then we’ll structure a loan to fit your needs.
Interest Rates - Our interest rates start at 9.99%.
Highlights
Financing up to $1,000,000
Term loans or Lines of Credit
Not FICO score driven but commons sense driven
Loans for self-employed --no income qualification loans
Blanket loans instead of cash down payments
Business loans for corporations, LLCs and partnerships
