Closed: $250K cash-out refi for a Strip Center in North Tonawanda, NY
Gelt Financial just closed a $250K cash-out refi for a Strip Center in North Tonawanda, NY. The purchase was conveniently located near Niagara Falls and featured a large parking lot.
We worked with an experienced real estate investor with a strong 700+ FICO score, requiring swift capital for a new investment opportunity. 36% loan-to-value for the property valued at $700K. No appraisal. No personal income verification of qualification
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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Understand your deal and what types of deals your lenders do is important to being a successful mortgage broker.
