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Updated over 1 year ago,

Wendell Butler's profile image
Wendell Butler's profile image
Wendell Butler
Pro Member
  • Lender
  • from Charlotte, NC
  • Member since Sep 29, 2020
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User Stats

137
Posts
93
Votes
Wendell Butler's profile image
Wendell Butler's profile image
Wendell Butler
Pro Member
  • Lender
  • from Charlotte, NC
  • Member since Sep 29, 2020
Connect
Wendell Butler
Pro Member
  • Lender
  • Charlotte, NC
93
Votes |
137
Posts
Creative Real Estate Financing

Commercial Equity Line of Credit

Wendell Butler
Pro Member
  • Lender
  • Charlotte, NC
Posted

Hello!

I am looking for the opportunity to get a Commercial Equity Line of Credit to free up some cash and purchase more commercial properties. I really don't want to sell this property as it cashflows so nice and is stable. Eventually I will 1031 for the right price, but I have about $300k+ equity on my 8-unit multifamily property and would like to pull some out. I owe $597k on it about. 

The property is in Northeast CT.

Does this sound like something that is possible? Anyone have any recommendations?

Any insight would help!

  • Wendell Butler
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