Need help Options on Loans.
If you own a a building worth about 4.5 mil what option would you do with the equity in this market. The lenders are giving me 65% LTV which comes out to 2.5mil.
What kind of loan or line or credits would you use.
I was thinking of getting a line of credit and buying a building for about 2 million rehab and get it re appraised and then CASH OUT REFINANCE it. Pay back the first loan so now i have zero debt on the 26 units. REPEAT