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Gelt establishes "Gelt Opportunity Fund 2005" for mezzanine financing”

Southampton, Pa. September 9, 2005

Gelt Financial Corporation a direct lender of loans for small commercial and investment property's is pleased to announce the formation of a "Gelt Opportunity Fund 2005". This was formed for the purposes of making small mezzanine loans and providing the equity portion of the real estate investment deal, as well as buying distressed debt.

The Fund will concentrate it's activates within the geographic area already covered by Gelt which is PA, NJ, DE, MD and FL.

Gelt recognizes a need and is intending to fill the need that so many current and prospective clients have for the mezzanine and equity financing piece of the deal. While there are other companies who are doing mezzanine equity financing, Gelt does not believe any are doing the funding for small deals.

Gelt will be the perfect money source or silent partner, allowing investors to use Gelt’s funds to purchase investment property. Gelt will look for their portion of the deals to be between 50k to 500k.

On the distressed debt side, Gelt will be buying non or sub performing loans. Gelt has developed an expertise in this area and will use this fund to get more involved with buying these types of loans.

Gelt is lending in PA, NJ, DE, MD, NJ and FL. For information on this and other Gelt products please call 215-947-2974.

 



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