A line of Credit is perfect for development projects, to reduce finance cost. Finally, they can refinanced into long term when building fase is completed.
If you are approved for a line of credit, you receive the ability to borrow up to a certain amount right away, but you are not going to receive a large check or money transfer up front. Interest accumulation only begins once you actually make a purchase against the credit line.
Dont loose out Zero. They will get their finance now. Just you see.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.