Gelt Financial provides first mortgage financing on a medical office building in Ohio for a service business.
“Jack: Hello, this is Jack, and Marcy… you know what, Marcy, during a little break we had before we made this video, I realized that, you know, I really love one of the reasons I love what we do because we really get to help people. We get to, and you know, a lot of our people, our borrowers, our partners are self-employed, and we give them the capital they need to expand and grow. We’re going to talk to you about now a medical office building we just closed. But the truth is, Marcy, I don’t know if you saw the email we got. I don’t want to say who, but someone we closed a business, a mobile home park with, they gave us great references online, and she sent us an email to tell us that she went to some mobile home park site, and she told everyone on some chat board how—
Marcy: Yeah, I did see that email.
Jack: Super nice people. And the truth is, most of our borrowers are just hard-working honest people. They work seven days a week, 24 hours a day. They really, they just want to get ahead in this world, and they give it all, and we’re really lucky to partner with them and provide them the capital.
Marcy: Because Gelt Financial gives them the opportunity to get a loan to get their business and to live their dream of owning their own business, which is actually very exciting. And you know what? That’s why we’re out there. That’s why we offer our loans, and yes, they’re a little, maybe the rate may be a little higher, but they’re more, you know, it helps people though.
Jack: Anyway, a medical office building, we got the deal, we approved it within a day, and it closed within, I think, 10 business days. Very quick closing, and most of the deals we do.
Marcy: We did no appraisal. We accepted the appraisal from another because this particular deal… anyway, the bottom line is on this deal is it got to another lender, and they didn’t close it—
Jack: How often do we see that?
Marcy: At least once a week. So they came to us and said, “Look, can you close this within 10 business days? The seller is gonna, they’re— Borrower is gonna lose the property.” So we said yes, we can do it, we did it, and then the borrower was able to purchase this great place for her to have her business, and you know what? We helped her out.
Jack: Fairly new self-employed in the service business, gorgeous building in Suffolk, Virginia.
Marcy: Yeah, it was great. So everyone was happy. Everyone’s happy. That’s all that matters.
Jack: Remember, if you’re looking for financing, commercial investment financing, you need to close quick. Give us a call. When your bank says no, we say yes. Have a great day. Don’t forget to like the video, like the channel. Call us at 561-221-0900, go to our website geltfinancial.com. Take care, everyone. Have a great day. Bye.”
Category: Deals Done
