Borrower cashed out $230k on a 2 bedroom luxury condominium located in the Heart of downtown Miami.
We Paid off his first mortgage and gave them a new mortgage of $603k which enabled him to cash out.
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.
