Creative Small Balance CRE Hard Money with Gelt Financial
Jack Miller, President of Gelt Financial, spoke with Rocky Butani to talk about hard money loans for small commercial properties, their unique lending guidelines, the company's long history, and more.
Visit Gelt’s profile on PrivateLenderLink.com to learn more and to contact them:
https://privatelenderlink.com/profile/gelt-financial/?utm_source=lender-link-podcast
This interview is Episode #14 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/
Check out Gelt Financial’s YouTube channel for educational content about hard money lending: https://www.youtube.com/@GeltFinancialLLC
00:00 Intro
01:38 Market Trends
03:31 Bank Tightening
06:05 Gelt's Flexibility
07:07 Loan Guidelines
09:18 Fees and Appraisals
12:39 Where Gelt Lends
13:22 Property Types
14:43 Retail and Multifamily
16:05 Foreclosure Bailouts
18:33 Foreign Nationals
20:13 Defaults and Workouts
22:35 HOA and Condo Loans
25:00 UCC Liens
27:24 Non-Recourse Loans
30:36 Fractional Ownership
31:41 JV Deals
36:12 JV Risk Approach
37:14 Company Overview
39:19 Fast Closings
40:31 Cross Collateral
42:45 Capital Structure
46:50 Loan Servicing
50:24 Buying Loans
52:16 Long-Term Borrowers
55:01 Borrower Feedback
55:45 Market Focus
58:02 State Challenges
00:00 Intro
01:38 Market Trends
03:31 Bank Tightening
06:05 Gelt's Flexibility
07:07 Loan Guidelines
09:18 Fees and Appraisals
12:39 Where Gelt Lends
13:22 Property Types
14:43 Retail and Multifamily
16:05 Foreclosure Bailouts
18:33 Foreign Nationals
20:13 Defaults and Workouts
22:35 HOA and Condo Loans
25:00 UCC Liens
27:24 Non-Recourse Loans
30:36 Fractional Ownership
31:41 JV Deals
36:12 JV Risk Approach
37:14 Company Overview
39:19 Fast Closings
40:31 Cross Collateral
42:45 Capital Structure
46:50 Loan Servicing
50:24 Buying Loans
52:16 Long-Term Borrowers
55:01 Borrower Feedback
55:45 Market Focus
58:02 State Challenges
