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Updated over 1 year ago on . Most recent reply

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20
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Dan Ruzicka
  • Investor
  • La Quinta, CA
4
Votes |
20
Posts

Business Line of Credit? Real Estate is typically a NO GO

Dan Ruzicka
  • Investor
  • La Quinta, CA
Posted

Anyone aware and do business with banks that extend Business Lines of Credit for Real Estate. Longtime LLC, High 7s Fico, Can show 6 figure balances and Super Track. I have heard Real Estate, Cannabis and Constuction are No GOs.

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3,816
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Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
3,816
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3,817
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Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Replied

Not sure your question. Pull your personal financials together.  Show them your past business experience.   

Have three banks.  Have three lines of credit.  The key is to keep doing business within and not jump around.  I would have just one bank but situations ended up with three.   Now back to two.  

  • Henry Clark
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