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Massachusetts Real Estate Q&A Discussion Forum
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Updated over 7 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Holly Olp
  • Centerville, MA
1
Votes |
5
Posts

Looking for local bank with acquisition LOC on Cape

Holly Olp
  • Centerville, MA
Posted

I'm just starting my business and plan to do mainly fix & flips and some buy & holds in the future. It was recommended that I start building a relationship with a bank that offers acquisition lines of credit -- even if I don't qualify currently, so that in the future it may be available and I've established that relationship. Looking for a bank that loans out based on the value of the purchased property, not secured by other assets and I'm having a hard time finding one. Does anyone have one they'd recommend? I live on Cape so that's preferrable, otherwise would need good online banking system if it's further away or a national bank. 

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