I am looking for an UNSECURED LOAN or LINE OF CREDIT, not credit cards or a bunch of small loans, min 250k.
I have seasoned portfolio of rentals with equity locked in it....LTV of portfolio 29%.
I want to do upgrades, updates, maintenance to units THEN I will refinance select units for the repayment.
Your post is a little confusing. You stated your seeking a unsecured loan or LOC, but have a seasoned rental portfolio with equity in it. So are you going to use the portfolio as collateral for this LOC or loan? Please reach out!
Nicholas Hubbard | Managing Partner
Fair question, I believe the portfolio would be the 'collateral'/proof of exit strategy.
I want to do the upgrades, updates, increase rents THEN pursue refinances as needed to absorb the loan/LOC.
I mentioned seasoned so it is clear that I have owned them a while, I am experienced and why there is so much equity (I haven't been taking money out).
Hello PR, We can provide the LOC for you, whats your contact email and phone number to reach you?
contact Bruce Carver at email@example.com to receive all details, okay.
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