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Updated over 4 years ago on .

Howard L.'s profile image
Howard L.'s profile image
Howard L.
  • Investor
  • from Carrollton, TX
  • Member since Jan 7, 2013
  • Posts 11
  • Votes 1
  • Experience 18 Yrs
  • Investments 9
Connect

User Stats

11
Posts
1
Votes
Howard L.'s profile image
Howard L.'s profile image
Howard L.
  • Investor
  • from Carrollton, TX
  • Member since Jan 7, 2013
  • Posts 11
  • Votes 1
  • Experience 18 Yrs
  • Investments 9
Connect
Howard L.
  • Investor
  • Carrollton, TX
1
Votes |
11
Posts
Private Lending & Conventional Mortgage Advice

Invalid Use Cases for Asset Based / Portfolio LOC's?

Howard L.
  • Investor
  • Carrollton, TX
Posted

I'm new to the concept of asset based or portfolio LOC's. What are some invalid use cases? The sense I get is they're primarily for renovations & rehabs.

Is it possible to draw funds via these kinds of LOC's to fund an expanding business in a vertical unrelated to the underlying asset or even real estate in general? Say for inventory purchases in an expanding ecommerce business?

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