Our clients owned two rental properties and wanted to convert their 2-unit building into a 3-unit building, however they would need more money to complete the work. The clients had great interest rates on both of their existing properties.
With some researching, we found a solution! We were able to secure a line of credit (L/C) for their single-family residence (SFR). After the construction work is completed, we will be able to refinance the 3-unit building with an attractive 30 year fixed loan.
Cheers,
