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
Private Lending & Conventional Mortgage Advice
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

19
Posts
5
Votes
Eric Anderson
  • Baltimore County, MD
5
Votes |
19
Posts

LOC on Commerical/Residential Office (no liens) in MD

Eric Anderson
  • Baltimore County, MD
Posted

I would like to establish a LOC on a commercial property (Residential Office) which I own free and clear. Assessed value is $275,000 but I recently did a complete rehab and now its a rental investment property. I think the property would appraise for $350,000. I would like to establish a 70% LOC.

Any recommendations for lenders or advise from anyone who has done this before. This would be my first time obtaining a LOC on a commercial property. Appreciate any input. Stay safe!

Thank you.

  • Eric Anderson
  • Loading replies...