Daryl, from what I'm gathering of your scenario, I would probably suggest a Home Equity Line on your Primary Residence, if possible, simply because the cost of the money is much cheaper for a loan this size; although, I'm sure there are several people/professionals who would disagree with that opinion. Since it's probably too small for a traditional commercial mortgage, depending on how you use/manage it, an SBA loan might be another good option to explore.
Please email me directly so that I may assist. We are Direct Lenders in all 50 states. adennie@fmbranch.com.
Depending on the rest of your situation and current financial position, you'll probably have several options. It's best to review them with a knowledgeable mortgage advisor. I do residential, commercial and non-traditional/alternative financing. From what you have said so far, I would recommend we look at a self-directed IRA as a very cost-effective option. I am happy to review your scenario, answer any other questions and give you more information. Feel free to call or email. John Barbatojohnb@fairwaymc.com302-260-7091
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