Closed: $240K Cash-Out Refinance for Two Homes
Just Closed! We just funded a $240K cash-out refinance for two single-family homes in Marmora and Westville, New Jersey!
This deal was a blanket mortgage with a 43% LTV — a solid, low-leverage, collateral-based loan. No income verification, no appraisal, and even with low credit scores, we made it happen.
The borrower plans to do some light rehab and sell — another win for a real estate investor who knows how to make deals work. 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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