Gelt Financial Announces Funding of $273k Office Loan in Virginia
DELRAY BEACH, FL (Dec. 28, 2020) – Gelt Financial, a leading commercial real estate direct lender, today announced the closing of a $273,000.00 first mortgage on an office building in Suffolk, Virginia.
This was brought to Gelt Financial by a mortgage broker who needed a two week closing, which Gelt was able to do. Gelt provided a purchase money mortgage on this office building, with a term of two years.
Gelt Financial is strategically deploying capital for transactions in the $100K-$5MM range, a market that is increasingly being overlooked during the pandemic,” said Noah Miller, of Gelt Financial. “This was purchased by the owner of a small business to use for their office space. We believe in this business and will continue to be at the forefront of lending in the space.”
About Gelt Financial
Gelt Financial is a nationwide commercial real estate lender and investor. Gelt invests up and down the capital stack and provides First Mortgages, Mezzanine Financing, Preferred Equity, JV Equity and Direct Equity. Gelt invests in all types of commercial real estate, including but not limited to multifamily, manufactured housing, office, retail, warehouse, industrial, self-storage, and mixed use.