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Updated over 8 years ago on . Most recent reply

Nicholas Hubbard's profile image
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Nicholas Hubbard
  • Lender
  • from Saint Louis, MO
  • Member since Aug 3, 2012
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Nicholas Hubbard's profile image
Nicholas Hubbard's profile image
Nicholas Hubbard
  • Lender
  • from Saint Louis, MO
  • Member since Aug 3, 2012
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Nicholas Hubbard
  • Lender
  • Saint Louis, MO
4
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Multi-Family and Apartment Investing

$500K Acquisition Line of Credit Needed

Nicholas Hubbard
  • Lender
  • Saint Louis, MO
Posted

Does anybody know of any lenders that are doing lines of credit. Borrower is looking to obtain line of credit to purchase more multi family properties for portfolio. Yrs of experience. Portfolio is currently valued at $7.5M and cash flowing. Willing to use all or some of portfolio as collateral if need be.

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Jerry Padilla's profile image
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Jerry Padilla
  • #5 Classifieds Contributor
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  • from Rochester, NY
  • Member since Mar 25, 2014
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Jerry Padilla's profile image
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Jerry Padilla
  • #5 Classifieds Contributor
  • Lender
  • from Rochester, NY
  • Member since Mar 25, 2014
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Jerry Padilla
#5 Classifieds Contributor
  • Lender
  • Rochester, NY
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Jerry Padilla
#5 Classifieds Contributor
  • Lender
  • Rochester, NY
Replied

@Nicholas Hubbard

Are the properties residential or commercial? How many financed properties does he have? Cash out financing would be a great way to go if your client has 6 or less financed properties. 

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