First Mortgages Closed Orlando and Des Moine, Iowa

Gelt Closed a first mortgages on 7 residential Investment condo’s in Orlando, FL, No appraisal and a cash out on a commercial building in Des Moine, Iowa. Both deals came from mortgage brokers.

“Jack: Hi, this is Jack and Marcy from Gelt Financial.
Marcy: We’re here to talk about some great closings.
Jack: Just closed two loans last week, Wednesday and Thursday. Marcy, what was the first deal?
Marcy: The first deal was a commercial building. It was an old church that they converted into, like, a studio. It was in Iowa, Des Moines, Iowa.
Jack: The heartland of America.
Marcy: That’s where it was, and anyway, the property looks beautiful. Anyway, we closed; everything went great. It was cash-out for the borrower, actually.
Jack: I think, like, a hundred and seventy thousand—hundred sixty, hundred seventy thousand—
Marcy: Hundred sixty, anyway. The borrower was thrilled, you know. He based the whole loan on the debt servicing of the property, not his income. He actually inherited this property and fixed it up. We got an appraisal, which we used, and we got the deal approved within a couple of hours, and it closed very quickly. The second deal we did—
Jack: Was in Orlando, Florida. It was seven condos, and it was a lady who came into some money. She decided to put the money into real estate and bought these seven properties. We did the loan based on the collateral.
Marcy: Again, she had no personal income, and she went through a little bit of a hard time. Her credit was not good, and she inherited it with life insurance, but however she got the money, and no appraisal. Both deals came from mortgage brokers. That deal again, we approved within a half hour, an hour, and closed right away.
Jack: Yeah, that one we closed really fast.
Marcy: We’re looking for more deals; we’re aggressive. We’re not letting anything stop us. We’re looking for more deals. Marcy’s very aggressive; she’s always in a good mood. Check us out at geltfinancial.com. We try to have fun. Call Marcy at 561-221-0900, extension 103. Remember, when your bank says no, we say yeah. We say yes. Like the video, like the YouTube channel, and click on the button or bell, and you can get notified when we’re here. Take care, have a great day, and remember, we got both these deals from mortgage brokers. We want to do more business with you. So if you’re looking for a loan because what’s happening—banks are turning people down right and left, banks are scared to do loans, they’ve shut out a lot of America, and we’re doing it. People are coming to private lenders, so again, banks aren’t doing them, but we’re doing it. You have to go the non-traditional route. Come to us, we’re open for business. Take care, have a great day, check us out, and like the video, like the YouTube channel. Take care, bye.”