Updated over 6 years ago on .
Creative financing/Portfolio lending/Line of Credit
BP Fam,
Looking for Lenders who are willing to do some out of the box creative financing. Are there any lenders/portfolio who are open to offering a line of credit of which I would be using for down payments and rehabs then pull the equity out with a refi conventional and pay back to the credit line. The credit line loan and refi conventional loan would be with the same lender for multiple MFH properties. Knowing lenders can make their monies in origination fees, service fees and interest, having several properties in the portfolio may be attractive to lenders who can offer unique financing packages. I am also open to discussions of partnering ownership of the property and leveraging my time, knowledge and team management skills to benefit vested parties.
Your feedback is greatly appreciated.
Thank you
Steve Kirsch