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Updated about 1 year ago on . Most recent reply

Kimberly T.'s profile image
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Kimberly T.
  • Investor
  • from Colorado Springs CO
  • Member since Feb 13, 2014
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Kimberly T.'s profile image
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Kimberly T.
  • Investor
  • from Colorado Springs CO
  • Member since Feb 13, 2014
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Kimberly T.
  • Investor
  • Colorado Springs CO
253
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Are there lenders who do a Line of Credit on a multifamily property?

Kimberly T.
  • Investor
  • Colorado Springs CO
Posted

Looking to get a line of credit on a fourplex we own in Arizona for financing for a project we have going on. Anyone know a lender who will do that on a fourplex? We own a total of 7 properties in Arizona and Colorado, if that matters.

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Tyler Warrick's profile image
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Tyler Warrick
  • Lender
  • from Chandler, AZ
  • Member since Feb 27, 2023
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Tyler Warrick
  • Lender
  • from Chandler, AZ
  • Member since Feb 27, 2023
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Tyler Warrick
  • Lender
  • Chandler, AZ
48
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Tyler Warrick
  • Lender
  • Chandler, AZ
Replied

Hey @Kimberly T. there sure are! I do these. Happy to price it out for you. Feel free to reply here or reach out in DMs if you'd like to keep it private.

Things I need to know: 1) Estimated Value 2) Current mortgage balance 3) Line amount requested 4) Estimated Credit Score

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