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Updated over 7 years ago,

Todd Fry's profile image
Todd Fry's profile image
Todd Fry
  • Investor
  • from Beaufort SC
  • Member since Jun 3, 2011
Connect

User Stats

28
Posts
85
Votes
Todd Fry's profile image
Todd Fry's profile image
Todd Fry
  • Investor
  • from Beaufort SC
  • Member since Jun 3, 2011
Connect
Todd Fry
  • Investor
  • Beaufort SC
85
Votes |
28
Posts
Multi-Family and Apartment Investing

Commercial HELOC Lenders/Commercial Line of Credit

Todd Fry
  • Investor
  • Beaufort SC
Posted

Do any of you BPers know a good lender that offers HELOCs for commercial properties? And I'm not talking about a HELOC on top of a regular mortgage, but a HELOC instead of a mortgage. In other words, a commercial line of credit on the whole value of the property.

I've got my eye on a 12-unit complex for sale for just under $500K. I'd like to put $100K down, and fund the rest with a HELOC.

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