Gelt Financial closes a refinance on investment condominium in Jersey City, NJ.
“Jack: Hello, this is Jack and Marcy again, here to tell you about a loan. A loan we just closed. When was it closed, Marcy? Whatever. It was just closed like a week ago.
Jack: No, I think it closed Friday. But anyway, okay, so tell them all about the deal because we want more deals to buy more dogs.
Marcy: This deal we closed in New Jersey. It was a rent control high-rise condo in Jersey City. The borrower didn’t have the best credit, had some issues that he couldn’t get past. So, he came to us for financing, and he had a private loan on the deal, and we were able to take him out of that, out of that loan for him. And we’re, like, knowing people, they wouldn’t have done this deal.
Jack: Closed the deal very quickly. He also didn’t have verifiable income. He tried to go to banks and credit unions and other lenders; everyone said no. We said yes. Did I leave anything out, Marcy?
Marcy: No, and it was a really smooth transaction. And honestly, we did it without an appraisal; we comped it out because of the area.
Jack: We didn’t even do an inspection. It was an old lady who lived inside, and she won’t let anyone in, so I hope it’s there. Anyway, check us out at geltfinancial.com. Don’t forget to like the YouTube, like the video, like the channel, like Marcy. But more important, send us your deals. We want to do deals. We’re doing deals that others aren’t doing, and you know what? In the past couple of days, we closed, I think, three different deals in three different states. Take care. Remember when your bank says no, we say yes. Have a great day.”
Category: Deals Done
