Single family home portfolio equity line

[Ben Kniesly]

I own a small portfolio of 9 single-family homes and one condo in S Tampa fl. I bought them low and held for 15+ years. Some homes have loans and some don’t. The portfolio has 3M+ in equity.

I’m shocked I cannot find a lender to give me a line against the portfolio. The terms are simple, a line of credit. I’m not interested in refinancing, I’m not interested in restructuring the debt and I’m not interested in receiving a lump sum of money.

I would like an equity line to pull from to move on my next deal, simple as that.

Full disclosure, I have called a dozen plus folks that claim they can provide this product. After spending 15+ minutes on the phone all leads to the same concept of restructuring the debt or taking cash out (lump sum). That’s not the goal. The goal is an equity line.

Any assistance would be appreciated, and I apologize reiterating the terms just slightly frustrated this seems to be an exotic request. Thx. Ben