using equity in existing portfolio

[Omar Williams]

Hello Bigger Pockets!

I possess a substantial equity portfolio exceeding $2 million; nevertheless, certain financial institutions exhibit reservations regarding the utilization of equity as opposed to readily available liquid cash for a down payment. While I maintain Home Equity Lines of Credit (HELOCs) and various lines of credit, numerous banks prefer to witness a liquid cash down payment in the bank.

Currently, I am exploring the acquisition of a townhome division valued at approximately $4 million, necessitating a down payment of $800,000. I am seeking recommendations or strategies to navigate this situation effectively, given the prevalent preference for liquid cash by many financial institutions. Your insights and guidance would be greatly appreciated in devising a suitable approach for this particular financial endeavor.