Closed Loan: Cash Out Refinance: Investment Condo Miami, FL. 70% LTV
Borrower cashed out $230k on a 2-bedroom luxury condominium in the heart of downtown Miami, FL.
We paid off his first mortgage and gave them a new mortgage of $603k, enabling him to cash out and refinance.
Proceeds from the cash out on this rental property will be used to purchase additional investment properties in the Miami area.
When your bank says NO, we say Yes, Gelt offers nonbank financing to real estate investors and commercial property owners with programs that include no income verification loans, no seasoning, bank turndowns, and credit problems welcomed.
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