Suggestions for Appying for a Line of Credit

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Suggestions for Appying for a Line of Credit

Skip DellPro Member
Investor · Vineland, NJ · Member since 2016 · 69 posts · 19 votes

Hi BP family.. Its been a while since my last post.. I just got approved for a 1M LOC from CoreVest.. But they want to charge me a 1% processing fee..  I think shelling out 10K for a 1M LOC is kind of steep.. Does anyone know a good financial company that has a better deal than that ?  I'm looking for a company that can fund quickly.. 7 to 10 days preferably.. any suggestions ?

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  • Bob Razler
    Rental Property Investor · Boca Raton, FL · Member since 2017 · 329 posts · 237 votes
    9y

    Hello @Skip Dell .  I can't help you with a suggestion but $10k seems like way too much to pay.

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  • Skip DellPro Member
    OP
    Investor · Vineland, NJ · Member since 2016 · 69 posts · 19 votes
    9y

    I agree.. and I can only use the line for 24 months..

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