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 .