What makes Gelt Financial different, and why do our customers love
us?
At Gelt Financial we listen to you and understand your needs.
We specialize in commercial mortgages and financing to investors.
As a non-bank lender, we can usually put together a deal in
a matter of days, not weeks. You also benefit by talking directly
to us, the decision makers, so we can gain an insight into your
business, which an impersonal bank can’t do.
As direct lenders since 1989, we are able to both approve
your commercial loan and then work with you during term of its
financing to help your business grow.
The Gelt Difference is that we don’t sell our loans;
we make our decisions based on common sense, not on secondary
market guidelines.
Why would someone get a commercial mortgage from Gelt as opposed to their bank?
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
Prime + 1.5%.
Highlights
Financing from $50,000 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
