Deal Details
Private Loan Type
Refinance
Approx. Funding Date
08/15/2025
Property Type
Property City
Shawnee
Property State
KS
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$300,000
Loan-to-Value
66%
Location Type
Suburban
Property Condition
Newly Renovated
Occupancy at Closing
Tenant-Occupied
Borrower's Plan
Continue Rental
Exit Strategy
Refinance
Borrower Credit Rating
Fair
Interest Rate
12%
Deal Summary
Gelt Financial, a direct hard money lender, funded a $200,000 senior-lien position mortgage for the refinance of a single-family home in Shawnee, KS. The property’s total value was roughly $300,000, so our loan-to-value was 66%. The Borrower had fair credit, and plans to continue renting it and eventually refinance out of our loan. The subject property was in excellent condition at closing as it had recently undergone a full renovation. The interest rate was 12% floating. The loan term was set at 12 months. This loan was funded in August 2025.
Funded By
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989