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Updated 5 months ago on . Most recent reply

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Trevor Wilcox
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Line of Credit We Can Use As Gap Funding?

Trevor Wilcox
Posted

Hello, 

Can anyone recommend a broker or a direct lender that I could get a large line of credit from to fund the down payments + closing costs on turnkey investment properties? Ideally, this line of credit would be structured at a set interest rate with interest only payments for a period of 60 months. (This allows us time to raise rents plus appreciation over 5 years to then do a portfolio refinance to pay back the line of credit). 


It needs to be a line of credit and no other type of "one-off" funding for each deal. I've found one company/broker that is working on getting us funded now, but I just wanted to reach out to more brokers or direct lenders in the meantime. 

Thank you very much!  

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