Is there a option like HELOC for a Mortgage/Note Holder?
Is there a loan instrument for borrowing against the value of a mortgage you hold on a property, similar to a HELOC?
So for example, if someone held a 10yr note @ 8% on $200,000, are there investors or firms that would provide a loan or line of credit for the note holder to invest in a fix and flip?
Thanks!
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