Leveraging money to pay 20% on commercial loan

[Brandon Clark]

Hey BP,

So I've been waiting for my lender (Gulf Coast Bank) to get back to me about my commercial loan that I applied for. My guy called me yesterday and said I'm approved for a loan amount of 100k( I wish it was more but hey, it's a start), the LTV is 80%, so obviously I would have to come up with 20%(well half because I have a partner). I'm trying to find creative ways to leverage other peoples money using credit cards, LOC's etc(stop me if this is foolish). I guess I'm curious to what are the risk when maxing out credit cards and LOC's to bridge that gap. Or even opening more accounts. Will this have my credit score to low to move on to the next flip once I'm done with this one? I know I would be making payments on multiple accounts at one time, so I will have to add those numbers in. I know there are many ways to do this but I want to make the smartest decision the first time. If you have any experience or advice on this matter it would be highly appreciated. FYI: I will be in the New Orleans, Metairie, Harvey, Gretna and Marrero area. Thanks in advance

-Brandon