Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
1
Votes
Jonny Christensen
Pro Member
  • Investor
  • Orem, UT
1
Votes |
3
Posts

Blanket Business Line of Credits over Multiple Rental Properties

Jonny Christensen
Pro Member
  • Investor
  • Orem, UT
Posted Aug 2 2022, 12:19

I own an investment LLC with a few partners. We have over $2 million in equity across 9 residential investment properties (13 Units). All of the 9 properties have great 1st lien mortgages with great rates on them. We have already refinanced any of them that made sense before rates rose and all of the properties average 50% LTVs. We plan on keeping these properties and not selling them. I am looking for advice on some great blanket business lines of credit options that could collateralize some or all of them and give us access to that cash in a flexible way. We would love to tap into that equity with a line of credit to either use for hard money loans or to acquire new properties. Looking for decently cheap debt options on the line of credit. Does anyone have any great suggestions on banks/lenders that have products for what I am describing?

Loading replies...