Results 1 to 10 of 10
Threaded View
-
07-08-2020, 04:07 PM #1
- Join Date
- Jun 2015
- Posts
- 10
Client seeking 500k to 2 million Line of Credit ( has free and clear real estate )
Hey Guys,
I have an A plus client in new Jersey seeking a 500k to 2 million dollar line of credit. He is willing to use his investment property's as collateral . Most of the property s have no liens and equate to about 5 million equity. Client is in the real estate business and would be using this line to either purchase more properties or have the money on hand for repairs .
Client has owned some of these properties for over 22 years and has been in business for over 30 .
He currently has an open line with PNC bank for up to 1 million dollars on his personal home which is worth about 2.3 million. The rate is prime minus 1.25.
He understands that he will not be getting a better rate then that but will not take anything really high .
Please reach out to me if you can help or have any suggestions .
Similar Threads
-
Client looking for 1.125 million , real estate backed, California cannabis
By GBFunding in forum Business LoansReplies: 0Last Post: 12-04-2017, 01:49 PM -
$250k Line Of Credit - Real Estate Industry - No Collateral
By Maverick in forum Deal BinReplies: 4Last Post: 07-29-2017, 08:00 PM -
Free & Clear Vehicle worth $50,000 -- Client Needs Funds against Lien on Title
By Fundyman in forum Deal BinReplies: 4Last Post: 10-26-2016, 05:08 PM -
Looking for 5 million. Client has 2 million in real estate. Any ideas?
By bostriba in forum Deal BinReplies: 15Last Post: 03-09-2016, 08:29 AM -
Client seeks 150k on 3 million real estate and 28k monthly sales
By bostriba in forum Deal BinReplies: 5Last Post: 09-09-2014, 09:26 AM