The Joist Deal of The Week

Ralph Abbott

This week we are featuring a deal that just received a Joist loan to purchase and rehab a four-unit apartment complex. The property was set forth to go into auction just a few months back, so the borrower needed to obtain a loan prior to bidding. He came to Joist and applied for financing through our quick-approval process and received the cash he needed for the auction. This enabled him to not only bid on the complex, but win the entire auction, securing the property and closing within just seven days! The apartments are currently being renovated, so a keep lookout in the coming months for the updates once this property comes back onto the market.

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