Acquisition Line of Credit

searcher profile

August 12, 2024

by a searcher from Letourneau University in Portland, OR, USA

Looking for a non-traditional lending source for a real-estate-centric Acquisition Line of Credit between $5M and $10M. Our nationwide real estate strategy is proven to unlock 50% additional value within the first 90 days, however we're unable to access that value due to being stuck with traditional debt put in place at the time of acquisition. An LOC would allow us to acquire the deals on our own, stabilize within the first 6 months, then go back out to debt and capital markets at the higher valuation.

Any vectors to solid folks in the space would be appreciated!
Thanks
Jon

0
5
90
Replies
5
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Jon, I would be happy to have a discussion. The biggest issue with getting these types of loans is that most lenders want to be able to review the properties they are financing to be sure they match their risk appetite. That is why many lenders get nervous about providing general lines. If you have existing properties you can pledge as collateral that a lender to underwrite to, then it becomes much easier to get something done. If not, then you need to be providing your lender very strict guidelines of what you are looking to purchase to get an approval. Again, happy to discuss potential options and what you are looking to do. You can reach me here or directly at redacted
commentor profile
Reply by a searcher
from Brigham Young University in San Luis Obispo, CA, USA
Jon, I copied your post and sent to a lender. If he's interested in chatting, then I'll DM you with his contact info.

Good luck!
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