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All Forum Posts by: Todd Givens

Todd Givens has started 3 posts and replied 4 times.

If you need a contact at Republic, try David Buchanon.

Are there any hospitality focused real estate agents or investors on BP in Louisville? If so, i'd like to link up. 

I am an investor located around Louisville with ownership in several different asset classes. One property is under contract, so I am hoping to roll my investment forward with a 1031. 

Thanks, Todd

Hi, I own a commercial property outright. It's current value is somewhere around $250k. I intend to hold onto this property for 3-5 years. In the meantime, I want to free up some of this equity so I can invest elsewhere.

I am looking for advice as to the best lending vehicle to use. Should I pursue a commercial mortgage or business line of credit? I like the overall flexibility of a business line of credit, but fear a higher interest rate. I don't have a specific "next" property in mind, but need to be prepared when I start making offers.

Your thoughts?

Post: Commercial Line of Credit or Commercial Mortgage

Todd GivensPosted
  • Taylorsville, KY
  • Posts 4
  • Votes 1

Hi, I own a commercial property outright. It's current value is somewhere around $250k. I intend to hold onto this property for 3-5 years. In the meantime, I want to free up some of this equity so I can invest elsewhere. 

I am looking for advice as to the best lending vehicle to use. Should I pursue a commercial mortgage or business line of credit? I like the overall flexibility of a business line of credit, but fear a higher interest rate. I don't have a specific "next" property in mind, but need to be prepared when I start making offers.

Your thoughts?