What's an Exposure Line?

[Rachan M.]

During a discussion with my mortgage broker today, she mentioned that as I start doing real estate flips, an Exposure Line will be a good financial product for me. By her explanation - they (the bank) offer a line worth 10x bank balance, for up to 12 months. The product is created for small investors and it works similar to a line of credit, in that it can be drawn from as needed.

I trust my broker, but a Google search didn't bring up anything about this product. Does anyone have experience with this product? Please shed some light on its pros and cons.

Thanks, as always!