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Goals, Business Plans & Entities

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Michael B.
Pro Member
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I got a building with ton of equity worth around 5million.

Michael B.
Pro Member
Posted Jun 14 2022, 04:04

In this market i don't know what kind of loan or line of credit i should go with. Lenders are giving me 3 million LTV.

Should i do a line a credit buy a building cash and refi and repeat?

Should do 30 year Amortization and lock in the Rates?

I need some big investor help here.

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John Morelli
  • Lender
  • Deerfield, IL
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John Morelli
  • Lender
  • Deerfield, IL
Replied Jun 14 2022, 09:45

You may not need to incur the expense and inefficiency of multiple transactions, since you're looking to deploy that equity toward a new acquisition. How much equity are you looking to leverage from the building you own?