President & CEO
Gelt Financial, LLC
Jack Miller is President & CEO of Gelt Financial, LLC, based in Boca Raton, FL. He founded the company on February 1, 1989, starting as a mortgage broker doing residential loans before moving into small commercial and business-purpose loans, which has been the company's focus since 1998. Gelt Financial operates three main lending lines: bridge loans, with an average loan size of $365,000; non-performing loan acquisitions from banks and non-bank lenders; and JV equity for real estate investors. The company focuses on urban and suburban markets and describes itself as a national player.
3 stories
A special assessment sounds simple on paper. The association needs money for a repair, so it divides the cost across all the owners. In practice, that vote can take months to organize, and even after it passes, some owners genuinely cannot come up with their share on short notice. Boards facing a large repair bill ...
When a commercial property is headed toward foreclosure, the pressure to find financing fast can push borrowers into bad decisions. One of the most costly is paying upfront money to a lender who does not exist. H. Jack Miller, founder of Gelt Financial, a private lender that has been making commercial and investment real estate ...
In private mortgage lending, cash flow interruption is not an edge case. According to H. Jack Miller, President and CEO of Gelt Financial LLC, roughly 10% of borrowers in a typical private lending portfolio are slow to pay at any given time, not in foreclosure, not in default, but simply late as a matter of ...
