I've been both a commercial lender and investor lender in this market for a long time. 

@Josh Oaten@Hadar OrkibiThe trouble in CRE is access to quality data.

What are some real world rates/terms/fees you've been gettting for commercial multi-family in recent months?

The only logic of the Heloc I was thinking was that I'd still have access to it as it was paid down for future improvements or usage towards another property.

On commercial apts or with an older seller there is usually a 5yr balloon.Offering a payment of $250 on a $100k house probably won't cover even his $25k mortgage payment. 

The platform may allow investment by accredited investors only or be open to almost anyoneEach has advantages and disadvantages.The portals that allow anyone to post a deal have not been very successful and they will probably remain a fringe categoryMany investors are familiar with the big players in the industry that provide access to deals sponsored by numerous parties.As an example of a single sponsor platform I will use our own.In the last two years we crowdfunded/syndicated 26 real estate debt deals, raising just over $46,000,000.00 and two months ago completed our first equity raise, raising $1,700,000.00.Additionally, we did a co raise with a major real estate debt crowdfunding portal that was primarily residential and wanted to move into the commercial space.I will tell you that despite many similarities, no two portals operate the same, and there are major differences in deal type, vetting, costs, risks, returns, and transparancy.Keep watching this arena.

I'd like to leverage the equity but I'm conflicted on whether I should: sell, take a HELOC or refinance to free up some cash for another Multi Family, maybe commercial bldg. 

I have access to some money to invest and have some of my own. 

We're in the process of a small commercial development, specifically ground up fast food development.

We're in the process of a small commercial development, specifically ground up fast food development.