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Author Topic: commercial loan/ credit line???  (Read 1938 times)

Offline GO BLUE

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commercial loan/ credit line???
« on: February 16, 2005, 11:33:33 pm »
I'm having difficulty with local banks packaging all of our units into a commercial loan and getting a credit line.  We have 13 single family, 4 duplexes, 2 multi (5)units and 1 commercial building and are looking for a credit line of $150,000 to $200,000.  Our properties are at 70% LTV.  We are trying to avoid paying 8% on hard money, it's eating into our cash flow.  All advice WELCOME....
« Last Edit: February 17, 2005, 08:55:44 am by TRandle »

 




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