Need help Options on Loans.

[Michael B.]

If you own a a building worth about 4.5 mil what option would you do with the equity in this market. The lenders are giving me 65% LTV which comes out to 2.5mil.

What kind of loan or line or credits would you use. 

I was thinking of getting a line of credit and buying a building for about 2 million rehab and get it re appraised and then CASH OUT REFINANCE it. Pay back the first loan so now i have zero debt on the 26 units. REPEAT

[Dakota Brown]

Although the market is tight right now, there are still deals to be done... it just takes a little more work to find them. 

I just helped a friend cash out refi a multifamily property here in Florida at a 4.5% rate. With inflation being over 8.5% here in Florida, it makes sense to put that money to work instead of letting it sit on the sidelines.