What we do

Gelco Real Estate Funding is a commerical mortgage broker that primarily focuses on multi-family housing in all phases and sizes. Lenders range from local savings and loans, to private banking departments to Fannie Mae, Freddie Mac and HUD.

Gelco Real Estate Funding helps developers and owners of multifamily rental projects obtain the most effective financing from initial borrowing through permanent mortgage. For developers this means arranging bridge, mezz or construction financing with a smooth transition to the takeout. For owners, it means refinancing that allows equity recapture and/or an increase in cash flow by reducing mortgage payments.

In these times of extremely tight credit, there is still money available for good loans. Guidelines have certainly tightened up and there is more focus on the fundamentals. The three “common sense” items that are scrutinized are:

1. The project itself,
2. the ability to repay the loan, and
3. equally significant today, the resume of the principals and management . 

For information call (212) 655-9534 or email: info@GelcoRealty.com