Originally Posted by L-Pink

I have a 20 year mortgage on a commercial warehouse thru a local bank. There is only 5 years left on it. The value of the property based on a conservative cap rate of 9.5% is more than a million five. The AAA rated tenant makes wire payments the 1st of each month, excess monies are put in my personal account. Payment has NEVER been late.

I had a $50,000. line of credit, secured by the building of which the average yearly balance was never over $30,000. This line was cancelled last month ..... WTF?


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