Hard money loan or a Letter of Credit?

[Cynthia Igbinovia]

I've been buying properties from wholesalers, getting financing from a hard money lenders, renovating then refinancing properties, using the BRRRR method. I am a buy and hold investor. I am considering a Letter of Credit from a bank or credit union for my next property. What are the pros and cons of these 2 financing methods?

Thanks in advance,