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Gelt Financial

Gelt Financial

Gelt Financial is a direct portfolio lender specializing in creative private lending for investment real estate — fix-and-flip bridge loans and short-term bridge financing with no appraisal, no income verification, and credit problems understood since 1989.
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Gelt Financial

6401 Congress Ave. Suite 215, Boca Raton, Florida 33487
561-933-8984
loans@geltfinancial.com
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Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$1B+
Capital Deployed
11,000+
Properties Funded
1989
Year Founded
Gelt Financial, LLC is a Boca Raton, Florida-based direct balance-sheet lender founded in 1989 by Jack Miller. In over 35 years of lending, Gelt has closed 11,000+ loans and deployed over $1 billion in capital. Operating exclusively on their own funds, Gelt makes fast credit decisions without loan committees, underwrites in-house without appraisals, and specializes in the kinds of complex, difficult transactions that other lenders decline: foreclosure bailouts, bankruptcy exits, debtor-in-possession loans, HOA/COA financing, non-recourse structures, JV equity partnerships, and foreign national loans. Their tagline captures the philosophy: 'When your bank says no, we say YES!'

Where They Lend

Nationwide
39 States + DC
Gelt Financial lends in 39 states plus DC — excluding Alaska, Arizona, California, Hawaii, Idaho, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah, and Vermont. They focus on improved, income-producing and value-add properties in suburban and urban markets. Rural areas, heavy rehab, development, and specialty/assisted living facilities are not considered.

Loan Types, Structures and Terms

$50,000 to $3,000,000
Typical Loan Amounts
6 to 60 Months
Typical Terms
Rate by Scenario
Typical Interest Rates
1.00% to 3.00%
Typical Points
Gelt Financial offers Fix-and-Flip bridge loans and short-term bridge loans for purchase, refinance, and cash-out — all capped at 65% LTV with no appraisal required, no income verification, and credit problems understood.
Fix-and-Flip
Short-Term Bridge
Gelt Financial Fix-and-Flip loans fund residential and commercial value-add projects up to 65% LTC with no appraisal required, no income verification, credit problems understood (400+ FICO), and closings in as few as 3 days.
Fix & Flip FeatureStructure & Terms
Project TypesResidential (SFR, 2-4 units, condos), multifamily, commercial, mixed-use, industrial, retail, office, hotel/motel, storage, and specialty properties. Light-to-moderate rehab only — no heavy rehab or development. No rural areas. No owner-occupied homes. No ground-up construction.
Loan Limits & Terms$50,000 to $3,000,000 | 6 to 60 months | Interest-only, first-lien | Prepayment penalty applies
Rates & FeesOrigination 1% to 3% | Due diligence fee required | Legal and title fees (third-party, borrower-paid) | Rate determined case-by-case based on deal strength
Leverage Ratios (LTC/ARV)Max 65% LTP / 65% LTC on all value-add programs | No ARV advance ratio listed — LTC is the controlling constraint | Interest on drawn funds only
Structural AdvantagesNo appraisal required — in-house valuation on all deals. No income verification. Credit problems understood — 400+ FICO accepted. No look-back on prior foreclosures or BK. Cross-collateralization with free-and-clear properties accepted. Non-recourse available. Fastest close: 3 days.
Gelt Financial Short-Term Bridge loans provide fast-close capital for purchase, refinance, and cash-out transactions on residential and commercial investment properties in 39 states — with no appraisal required, no income verification, credit problems understood, and non-recourse options available.
Bridge Loan FeatureStructure & Terms
Use CasesPurchase (as-is or stabilized), rate-term refinance, equity cash-out, foreclosure bailout, bankruptcy exit, debtor-in-possession, partner buyout, discounted note payoff, note purchase, HOA/COA financing, primary residence business-purpose cash-out, TIC financing, and condo conversion. Specialty and distressed situations welcomed.
Property TypesResidential (SFR, 2-4 units, condos, cooperatives, manufactured homes, mobile homes), multifamily, commercial, mixed-use, industrial, retail, office, hotel/motel, storage, RV park, mobile home park, car wash, cannabis dispensary, gas station, parking garage, school, student housing. No rural areas. No owner-occupied consumer loans. No assisted living facilities.
Loan Limits & Terms$50,000 to $3,000,000 | 6 to 60 months | Interest-only or amortized | First-lien only | Prepayment penalty applies | Minimum property value $250,000
Leverage Ratios (LTV)Purchase: Max 65% LTP | Rate-term refi: Max 65% LTV | Cash-out refi: Max 65% LTV | Consistent 65% cap across all residential, multifamily, and commercial collateral types | Land: Max 65% LTV (Florida only, entitled only)
Structural AdvantagesNo appraisal required (never, on any property type). No income verification. Non-recourse lending available. 400+ FICO accepted. Junior liens behind Gelt's senior mortgage allowed. Cross-collateralization with free-and-clear properties accepted. JV equity for value-add multifamily/commercial. Fastest close: 3 days. Broker-friendly — commissions paid same day as borrower funding.

Borrower Qualifications (Are you qualified?)

Gelt Financial qualifies borrowers based on the property and deal structure - credit check required but no minimum score enforced (400+ accepted). No income verification needed. All entity types accepted including individuals, LLCs, trusts, non-profits, and self-directed IRAs. Non-recourse lending available.
Qualification ParameterLender Requirements
Experience LevelsExperience required for rehab/value-add loans, though minimum number of prior projects is flexible (reviewed case-by-case). No experience required for straight bridge or acquisition loans. No look-back on previous foreclosures or bankruptcies — prior credit events do not automatically disqualify.
Credit RequirementCredit check required — but no minimum score enforced. 400+ FICO accepted. Credit problems are understood and do not automatically disqualify. Evaluation is collateral-based: the property and deal structure matter more than credit score. Bankruptcies, foreclosures, and prior defaults evaluated on case-by-case basis.
Income VerificationNo income verification required. Gelt Financial is a collateral-based lender — qualification is based on property value and deal structure, not borrower income. Tax returns, W-2s, and pay stubs are not required. Bank statements and financial statements may be requested for more complex transactions.
Entity RequirementIndividuals, LLCs, LPs, Trusts, Corporations, Non-Profits, and Self-Directed IRAs all accepted. Unlike most hard money lenders, Gelt Financial will lend to individuals — not just business entities. Personal guaranty sometimes required; non-recourse structures available. Foreign nationals accepted.

Underwriting Process (How long will it take to get approved?)

Gelt Financial underwrites entirely in-house with no loan committee — Jack Miller and the team make same-business-day decisions. No appraisal required on any property type. Just send the property address and a brief scenario overview to get a quick assessment.
Stage / RequirementProcess & Timelines
Initial ReviewSend the property address and a brief scenario overview. The Gelt team can quickly assess whether the deal fits and provide feedback before full application. No loan committee — deal directly with decision-makers. Due diligence fee required at application.
Property ValuationNo appraisal required — ever. Gelt Financial uses in-house property analysis on all loans, including both residential and commercial. No BPO required. This eliminates a common source of deal delays without compromising underwriting quality.
Speed to CloseTypical close in 10 days; fastest close in 3 days on qualifying deals. Broker-friendly — mortgage broker commissions paid same day as borrower funding.
Document ChecklistCredit report, loan application, and property under contract (purchase required). Bank statements and financial statements may be needed for complex transactions. No tax returns or income documentation required. Legal and title fees paid by borrower at closing.

Draw Process (How long will it take to get draws?)

Gelt Financial processes draw requests in approximately 5 business days with interest charged only on funds drawn. As a direct portfolio lender making their own credit decisions, draw approvals do not require committee review.
Operational StepMethodology & Timelines
Draw SystemInterest charged on funds drawn only. Renovation budget is held in reserve and disbursed as phases are completed. Borrowers are not charged interest on undrawn rehab funds — improving cash flow throughout your FlipperForce project timeline.
Inspection MethodNo appraisal required — Gelt Financial uses in-house property review for all valuations, including draws. Streamlined process without third-party appraisal delays. Property address and scenario overview sufficient to start the review.
Funding TurnaroundDraw requests funded in approximately 5 business days from submission. As a direct balance-sheet lender, Gelt's draw decisions are made in-house without committee delays.
Draw FeesDue diligence fee required at application. Legal fees (outside attorney costs) and title fees are third-party costs paid by borrower. No per-draw inspection fee — in-house review process keeps draw costs low.