Private Lender Gelt Financial Closes $3.5MM NNN Portfolio Loan
Summary
Boca Raton, FL, November 10, 2022 --( PR.com )-- Gelt Financial is pleased to announce the closing of a portfolio bridge loan for three NNN properties in Nashville, TN, Atlanta, GA, and Northampton, MA. The properties included a fast food chain, an oil change retailer, and a private manufacturing company. Gelt Financial closed the loan in just two weeks without any appraisals, allowing the borrower to complete their 1031 transaction and giving them time until they find permanent financing.Gelt Financial frequently assets borrowers utilizing 1031 exchanges due to their tight timeframes to purchase real estate. Investors favor triple net leases because they have fewer management and financial duties for the property and because there is less risk because the lessee assumes a large portion of cost variations, which encourages the lessee to maintain the property.Founded in 1989, Gelt Financial is a nationwide non-bank commercial and investment real estate lender focused on $100,000 to $3,000,000 transactions. Gelt is based on the core values of hard work, transparent services, and exceeding the highest of expectations.