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09-26-2023, 08:52 PM #1
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- May 2023
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CELOC (Commercial Equity Line of Credit)
I have a client who has close to 2MM-3MM of Real Estate that he owns outright and is Mixed-use. He wants to obtain capital for more property acquisitions. I explained that a Cash-out refi may be a better option but he is stuck on the LOC. The two properties are 100% occupied. Has anyone done a CELOC before? If so what lender would you recommend?
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