What Gelt Financial, LLC does

Gelt Financial, LLC is a private, non-bank commercial mortgage lender founded in 1989 by H. Jack Miller and headquartered in Boca Raton, Florida, with a second office in Huntingdon Valley, Pennsylvania. The company operates as a direct portfolio lender, funding loans from its own balance sheet rather than originating for sale or relying on warehouse lines marketed through third parties. It serves real estate investors and commercial property owners across 38 U.S. states who cannot or prefer not to access traditional bank financing, with typical deals ranging from $50,000 to $2,000,000 at up to 65% LTV.

The core product set centers on hard money loans and short-term bridge loans (6 months to 5 years, often interest-only), supplemented by specialized programs including residential investment property loans for 1-4 unit non-owner-occupied assets, no-credit-check loans, Debtor-in-Possession (DIP) financing for Chapter 11 situations, HOA/condo association financing, note-on-note financing, foreclosure bailout loans, cannabis dispensary loans, and non-performing loan purchasing. The underwriting platform is asset-based, prioritizing property value, equity position, and exit strategy over borrower credit scores, income documentation, and tax returns, with in-house property valuation eliminating appraisal delays. Typical closings occur in 3-5 business days.

The go-to-market combines direct borrower acquisition via phone, online application, and email with a protected mortgage broker channel that submits deals directly to Gelt's decision-makers. Marketing emphasizes thought leadership through a company blog, YouTube channel, podcast appearances by President Jack Miller, and earned media in publications including Bankrate, Yahoo Finance, Realtor.com, and Bloomberg Radio. Revenue is generated through origination points and interest income on portfolio loans; the company has closed 10,518+ loans totaling over $1 billion since inception and has delivered 110 consecutive monthly investor distributions since 2017.

Name

Gelt Financial, LLC

Legal name

Gelt Financial, LLC

Website

https://geltfinancial.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Gelt Financial, LLC is a private, direct portfolio commercial mortgage lender founded in 1989, providing hard money, bridge, DIP, and specialized loans to real estate investors and commercial property owners across 38 U.S. states who cannot access traditional bank financing.

Ownership category

akta.pro rank

Product category

Commercial Mortgage Lending (Hard Money / Bridge)

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Mortgage Bankers & Loan Correspondents (6162), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

akta.pro secondary industries

Specialty Finance / Structured Credit (FSANADAE), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF), Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Hard money lending
• Bridge loans
• Commercial mortgages
• Private lending
• Investment property loans

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Hard Money Loan Origination: Gelt Financial generates revenue through origination fees and interest on short-term hard money loans for real estate investors. Loans typically have repayment periods of 6 months to 5 years and are often structured as interest-only, with principal repaid at maturity through refinancing or property sale.
2. Bridge Loan Financing: Short-term commercial bridge loans providing fast capital secured by investment properties. Revenue generated through origination points and interest rates higher than conventional mortgages, reflecting the increased risk and speed of execution.
3. DIP (Debtor-in-Possession) Financing: Specialized financing for companies in Chapter 11 bankruptcy proceedings, providing asset-based solutions with minimum loan amounts of $100,000 and no maximum limit.
4. HOA and Condo Association Financing: Loans to homeowners and condominium associations for capital improvements, special assessments, or operational needs when traditional bank financing is unavailable.
5. Note-on-Note Financing: Financing for investors who hold mortgage notes and need capital, allowing them to borrow against existing notes without selling them.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Gelt Financial, LLC is a direct private portfolio non-bank commercial mortgage lender that originates short-term, asset-based loans secured by commercial and investment real estate. The company funds loans using its own capital and approves deals based primarily on property value, equity position, and exit strategy rather than borrower credit or income documentation, enabling 3-5 day closings. It serves real estate investors, commercial property owners, mortgage brokers, HOAs/condo associations, and businesses in Chapter 11 bankruptcy across 38 U.S. states.

Product overview

Gelt Financial, LLC is a direct private portfolio lender offering a comprehensive suite of real estate financing products for commercial and investment properties nationwide. The core product portfolio centers on hard money loans, bridge loans, and residential investment property loans (1-4 units), supplemented by specialized programs including no credit check loans, debtor-in-possession (DIP) financing for bankruptcy situations, HOA/condo association financing, note-on-note financing, foreclosure bailout loans, and cannabis dispensary loans. The company operates as a non-bank commercial lender using asset-based underwriting focused on property value and equity rather than traditional credit requirements, serving real estate investors and business owners who cannot qualify for conventional bank financing.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 10,518+ loans closed since 1989
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• RCN Capital: RCN Capital is a direct private lender offering short-term fix-and-flip, bridge, and rental portfolio loans to real estate investors. It mirrors Gelt's channel strategy with strong mortgage broker partnerships and asset-based underwriting on 1-4 unit and small commercial properties.
• Kiavi: Kiavi (formerly LendingHome) is a direct private real estate lender providing bridge and rehab financing to real estate investors, using its own capital and emphasizing fast digital closings—closely mirroring Gelt's core hard money/bridge model and target customer.
• CoreVest Finance: CoreVest (acquired by Redwood Trust) is a direct private lender to residential real estate investors offering bridge and rental loans. It is a direct competitor in the asset-based, 1-4 unit investment property space Gelt targets.
• Anchor Loans: Anchor Loans is one of the largest private hard money lenders in the U.S., focused on fix-and-flip financing for residential investors. It directly competes with Gelt's hard money product on speed, LTV, and broker relationships.
• Visio Lending: Visio Lending is a private rental portfolio lender offering 30-year DSCR loans to real estate investors. It competes with Gelt in the buy-and-hold rental and small commercial property segment using asset-based underwriting.
• Lima One Capital: Lima One Capital is a direct private lender specializing in fix-and-flip, rental, and bridge loans for real estate investors. It uses proprietary capital and competes head-to-head with Gelt on hard money and DSCR rental products for the same investor base.
• Source Capital: Source Capital is a direct private lender providing bridge and construction financing for residential investors and small commercial sponsors. It overlaps with Gelt's hard money and bridge loan products for similar borrower profiles.
• NewSilver Lending: NewSilver is a private bridge and rental lender serving real estate investors with fast closings and asset-based underwriting. It directly competes with Gelt's bridge loan program for fix-and-flip and small multifamily borrowers.

Emerging players

• PeerStreet: PeerStreet operates a marketplace platform connecting real estate investors with private lenders for short-term debt. While it uses a tech-enabled model rather than direct balance sheet lending like Gelt, it competes for the same investor borrower base and broker relationships.

Regional players

• JMAC Lending: JMAC Lending is a non-QM and hard money lender offering asset-based financing on investment properties. While its geography skews West Coast, it competes with Gelt on flexible documentation and investor-focused programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutu.be/qPT_L7bE0FA
• Xx.com/geltfinancial
• Facebookfacebook.com/gelt-financial-corporation-121160957940513

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gelt Financial, LLC