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Gelt Financial is one of only very few lenders to offer Rehab Financing, a loan targeted exclusively to the rehabilitation of properties in need of repair.

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You make absolutely no down payment as long as your loan amount is no higher than 65% of the ARV [After Repair Value].

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Figure out how you can buy a property with no down payment.

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Gelt considers the following property types as acceptable collateral: commercial and industrial properties, non-owner occupied residential properties, loans in corporate names, offices, mixed use properties and warehouses.

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Residential owner-occupied properties.

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Easy. We send out an independent appraiser who is familiar with real estate in your local area. You give the appraiser an itemized list of repairs and improvements that you'll make to the property. The appraiser then determines the property's current and future value after all the repairs are made.

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The terms of Gelt's Balloon Loans are usually 12 months. Amortizations are flexible. Sometimes 20 years¡­ sometimes interest only payments¡­. Sometimes or no payments at all. It depends on you experience and the property.

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Alternate One: If you decide to rent out the property instead of selling it, we will give you a long-term permanent loan at a much lower rate at no additional cost.

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Alternate Two: If you need a longer than expected time to fix up or sell the property, we'll extend the loan.

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Yes. You can hold the deed as a corporation, LLC, partnership or individually.

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That's fine. Gelt will still offer you a loan base the loan to value (LTV) off of the appraised value as opposed to the purchase price. So, if you're buying the property at a discount, you can still do it with No Money Down! Also we can offer higher LTVs and lower interest rates on properties in good condition.

Time Frames:

Approvals --usually within the same day.
Closings --as soon as we get the appraisal and title report.
Your whole start to finish process is fast and smooth.

Loan Amounts:

Minimum --$25,000
Maximum--$1,000,000

Costs:

Typical rates for this program are 9-15% interest with 3-5 points up front and 0 -3 points on the back end. Rates and fees are determined by your credit, your experience, and the property.

Disbursement:

At closing, we advance the purchase price and the 1^st draw to get the repairs started. As you make more repairs, we disburse more money. It's typically in 4 installments.

Creditworthiness:

While we don't base our loans on our borrowers' credit scores, you must show a credit history that convinces us that you will pay us back.

Eligible Locations:

PA, NJ, DE, MD, & Parts of FL

the 45,000 to buy the property

the 40,000 to fix it up

plus any money for closing costs...