Advice on how to finance
We have 4 home and 1 lot in Pensacola, Florida which will appraise at around 750k. We owe about 50k on a SBA loan that matures in 2027. I want to pay that debt off and renovate the houses. Most of the changes will be cosmetic and one needs a more work, so I want to pull about 150 from one of the houses. Someone mentioned the DSCR. What do you think the best way to finance the project?