Closed: $1.4MM Cash Out Refinance on a NNN Portfolio
Gelt Financial has closed a $1.4MM cash out refinance mortgage for two NNN corporate-guaranteed properties located in Marietta, GA, and Chattanooga, TN. The loan, closed at 56% LTV, was for an experienced borrower with strong financials. One property is a Mavis Tire and Brakes and the other is a Jack’s restaurant—both secured with long-term triple-net leases and corporate guarantees.
At Gelt Financial, we specialize in delivering flexible financing solutions for real estate investors. 10-day closings, no minimum FICO score, and no third-party appraisals. When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers on all types of commercial real estate, including but not limited to multifamily, office, retail, warehouse, industrial, self-storage, and mixed-use.
For more info on how Gelt can help you with an investment property or on any of our other various products and services, look at what President Jack Miller does on Gelt’s YouTube channel, and for more info on our completed deals, check our Deals Done.
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