Irrevocable Trust Lending

[Kenneth Blacow]

Hello,

I am the co-trustee and co-beneficiary of an irrevocable trust that my sister and I inherited when my mother passed. The property is a very old home 100+ years and my mother let it fall into disrepair, not out of code, electrical was updated in past years. It looks like it will take about 150k to bring it up to its full glory and probably about 75k to patch and paint. I am looking for financing suggestion that would not require me to tap my personal credit. I have 7 months worth of meticulous books and continue to keep them up-to-date. Do you think I have options to get some type of equity line the full 150k would barely touch the equity. Is it better to wait until I have a full year of bookkeeping? Any suggestions would be greatly appreciated.

Ken