Can and LLC obtain a LINE of credit?

[Brian Plajer]

We are looking at our first commercial property, triple net lease. We have an LLC that we quit claimed three properties into. We probably have about $400-$500K of equity in those properties. Can the LLC get a line of credit and use that line to finance the commercial property? Also, would a bank take into Acct the revenue from the lease? thanks,

[John McKee]

Yes you can get a line of credit on residential investment properties to help with your purchase.  If you're going through a bank they will look at the length of the lease, type of tenant and of course your PFS/ability to pay.