Thanks Thomas. Commercial lender said no problem then came back with "sorry head office doesn't offer this product anymore." My partner has been dealing with the same 2 brokers for over 20 years and won't switch. I'll hang onto the land as we cash flow with the existing homes and wait another 5...

Is it possible to get a LOC using stock or mutual fund accounts? Lender wants us to put up 1.5 mill. of our money to build 18 rental townhomes. Don't want to liquidate the accounts because of capital gains tax.