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Private Lending & Conventional Mortgage Advice

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84
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Thomas Fortune
  • Investor
  • Virginia Beach, VA
26
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84
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Cash as Collateral for LOC

Thomas Fortune
  • Investor
  • Virginia Beach, VA
Posted Feb 2 2016, 08:42

Anyone using cash as collateral for a line of credit? I've got a local bank that will provide LOC that's 2.5x the cash amount (100k in cash gets you a 250k credit line). Curious if others are getting better/worse offers...

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