We recently funded a no-money down cross-collateral loan for one of our clients, enabling them to incur 0 out-of-pocket expenses at closing.

This was made possible because our client owned 2 rental properties with small first-position liens. Utilizing the remaining equity in these additional properties, we covered the total acquisition and closings expenses for our client.

Cross-collateral loans are an excellent tool to pick up real estate without any upfront capital by leveraging the equity in existing properties. With this approach, there’s no need to sell your current properties!

If you want to use the equity in on of your properties instead of making a down payment on your next acquisition, reach out!