Leveraging my existing portfolio assets- within 21 days

[Robert Hetsler]

Here are the basics, I have a fairly decent size real estate portfolio consistent of approximately 6 residential townhouses in Jacksonville, Florida and then another 13 or so commercial properties , mostly self storage, in north Florida and South Georgia. I would estimate that I have approximately $8 million in real estate equity between all the properties and around 2 million of the equity results from property that is free and clear. However, none of the properties that have a first lien holder on the property have more than a 50% LTV But the rates on all the properties that have loans are between 2%-5.5% so I would rather not refinance any of the properties as those rates are something that I would not secure again as they are with local banks/credit unions. Having said that, I do not have any bankruptcies or foreclosures on my credit but 6 years in cosigned for a brother-in-law who failed to pay his bills and he ultimately did file personal bankruptcy which left me responsible for everything. My wife and I made the conscious decision to not pay the co-signed bills because they exceeded several hundred thousand dollars and instead we negotiated and paid what we could and what we couldn't the statute of limitations has either run or it was written off and we had to pay taxes on it. All of these negative items, none of which are bills relating to any of my properties as we have never missed a payment on any of our personal bills. However, the existing $30,000 balance that is still outstanding, to which the statute of limitations has expired, is currently being held in escrow with an SBA attorney as that was a requirement for a SBA refinance that we engaged in two years ago so that money (45,000 which is 150% of the balance) is sitting in the SBA's attorney's escrow account until those items fall off my credit which should be between 8-11 month. Other than that, we do not have any credit issues. Is there anyone that can offer assistance with the loan, for which I intend to expand my portfolio with the proceeds through construction on my existing properties as well acquisition of new properties that present a value play. I limit myself to self storage as that is what I know and understand the best having been doing it for 11 years.