Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
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

17
Posts
3
Votes
Ketan Parekh
  • Duluth, GA
3
Votes |
17
Posts

Line of Credit with a 2nd Deed

Ketan Parekh
  • Duluth, GA
Posted

Hello!

I have 15 condo all rented and off the 15 , 10 of them have a commercial mortgage on them. My credit History is in the 700s. 

Here is what I would like to do :- 

Based on the LTV of the 5 ( fully paid ones ) properties I would like to get a Line of Credit and than find a mechanism to do a 2nd deed of trust behind the 1st Line of credit.

Is this even possible ? basically I want the money available to roll as I start paying towards the principal. 

Thanks in advance for your advise. 

~Ketan

Loading replies...