., origination fees, commitment fees, lock-in fees, appraisal, credit report and flood certifications), or a cash advance taken by the Borrower on a revolving credit card account or an unsecured line of credit to pay these fees may be used as an acceptable source of funds and may be considered Borrower Personal Funds as described in Section 26.2(a) if the following conditions are met:The maximum amount charged or advanced may not exceed the greater of 2% of the Mortgage amount or $1,500The amount charged or advanced must be included in the Borrower's total outstanding debt and the repayment of such amount must be included when determining the Borrower's monthly debt payment-to-income ratio as described in Section 37.16The Borrower has sufficient verified funds to pay these fees (in addition to the funds needed for the down payment, Prepaids/Escrows, other Closing Costs, Financing Costs and reserves as required); however, the Borrower is not required to pay off these charges at closingRefer to Section 17.38 for instructions on delivering Mortgages where Borrower uses a credit card, cash advance or unsecured line of credit to pay fees associated with the Mortgage application process."

I also know the property taxes, insurance, and CAM amounts since it’s NNN. 3 long term tenants (including my Subway), 1 shorter term (2 years), and 1 empty unit but it’ll prob be leased soon: Pizza shop with all FF&E. 

That said, like a HELOC, it's a revolving line of credit so you only have to make the minimum payment each month instead of a fixed schedule.We've been doing this for a while, but it was a much better deal when interest rates were low.

Hey Cam!

@Cam Vankerkhove thanks so much, I’ll be sure to shoot you a line to start a conversation, I really appreciate you making yourself available!

I’ve never get 850 - I’m too cheap to pay %% on car loan and you need mix of installment and revolving debt - so creditors could see your payment pattern.My highest was 820 but higher than 760 is basically pointless - you’ll have the best offers possible

But if your strategy revolves around a 20 year plan for payoff that may fit perfectly for you.  

Your life will revolve around the heat during those times of the year.

After you establish a history, you can continue to build that business credit without your personal credit having anything to do with it.I got over $50k recently on revolving business credit and I max it out to do all my rehab work on my properties.

Kind of like CAM charges in commercial leases.