Are there lenders who would write a line of credit against equity in a portfolio of buildings that are in a commercial loan? We have properties that all have a significant amount of equity that we’d like to tap without doing a refinance (since we have a 4.25% locked rate), but we’re not finding a lender who is willing to do this. I’m assuming we need to find a speciality lender or local bank or ?
We covered this on today’s Open Forum Show today! The show will be released/uploaded to iTunes tomorrow on November 11th. Thanks so much for listening and participating!! Mark and Mat