Cash flow bottleneck
Here is the situation:
I have cash tied up in 4 properties, 2 of which are stabilized with paying tenants and 2 are undergoing rehab (will be complete within a month). My lenders have suspended operations and I've called dozens more, both on the conventional and commercial side. On the conventional side, they won't fund me because the properties are under a LLC and would require I quid claim deed it to my personal name and wait 6 months...no thanks. On the commercial side, can't get anything near a long term financing situation. What are you guys doing out there to pull your capital out?