My goal as of right now is to take out equity for home improvements, debt consolidation and to have cash on hand for emergencies/other expenses

I would like to take this money and pay off all my other loans/obligations and basically consolidate all my loans into one.

Current refi from last week consolidated 3 loans to one with CitiBank; $3,900,000 @ 4.39%. 2% prepayment penalty and not assumable.

Any thoughts or suggestions are greatly appreciated.I planned to do some debt consolidation and buy another property or 2 with the cash from the refi.Cleveland refinance refi appraisal brrr

From Form 253G2, Filed with the SEC  03-30-2018:Risks Related to Investing in Groundfloor Common StockOur auditor has expressed substantial doubt about our ability to continue as a going concern.Our consolidated financial statements for the years ended December 31, 2017 and 2016 include a going concern note from our auditors.

Are you looking to consolidate with a blanket loan?

I’m considering selling the single family as it’s in another town and would like to consolidate investment properties in the same town.

Additionally, when completing the refi the reason supplied for doing the cash Out Refi would raise some eyebrows I would presume, but I figured the bank would just ensure those people are actually paid off much like they would with a reason being for a cash out to pay off or consolidate debt with me keeping the excess cash.

The big banks don't work for us investors (unless you have hundreds of units and you are consolidating into giant commercial mortgages).

Secured by the home itself, a HELOC offers a way to use the equity stored in the home at a lower interest rate than many other types of loans.HELOCs can be used for everything from home improvement projects to large purchases, educational expenses, or even debt consolidation/refinancing.