Line of Credit Options for Commercial

[Pete Harper]

I wanted to see what line of credit loan products that are available for commercial. I own several properties 100% that are held within an LLC that I would like to be able to tap the equity without taking out a conventional loan. I know that HELOC loans are not available to commercial investors but looking for something similar. I had planned on doing a BRRRR but with interest rates so high I can't see taking out a 30 year fixed interest loan. It would be nice to have a line of credit that I could quickly tap should a good deal come along.

Property #1 is a duplex that I own outright. It was purchased and renovated as the second property in a BRRRR chain. Funding for purchase and renovations came from cash-out refi on another 4-plex (not property #3) Gross rents $2400.

Property #2 is a 12 unit apartment complex that we paid cash for.  We've owned it two years now and have it stabilized, fully rented and with higher rents.  Gross Rents $8400

Property #3 is a 4-plex that we paid cash for and renovated.  We've owned it three years now having it stabilized and fully rented. Gross Rents $3200

[Bryon Andrews]

Sounds like you are in a very solid position! I am sure @Tim Swierczek knows of a product or person who could help you.