Line of credit for large property owners

[Christopher Lombardi]

I find you can learn a lot reading annual reports of Multi-Family REITs. I came across a company that purchased all of their properties for a discount by paying all cash and using a line of credit that they had with a major bank. Then they would re-finance out after closing. Is this something that anyone has heard of being available for private companies or is it just for public companies? I spoke to somebody at one of the big investment banks who said it may be likely once you hit 100 million in assets and was just wondering if any of the larger players on this site have ever utilized a line of credit secured by future purchases?