Advice on a line of credit

[Tony Mondalano]

I’m currently in the process of finding a house to do my first flip. I initially planned on funding the whole deal with my own cash but am  also interested in learning more about financing. My realtor introduced me to a broker that sent me some info on a line of credit from FINANCE OF AMERICA- COMMERCIAL-. He explained it to me that it’s a liquid asset based Loc, they give 5x the amount of cash that you have in the bank, minimum credit score of 600. Anyone have any experience with Finance Of America or similar lines of credit? Any advice or input is greatly appreciated.