President Joe Biden took out a $250,000 line of credit on his Delaware beach house in December, it was revealed Friday, in a move that gave him the ability to tap resources as the feds began a classified documents probe.

The mortgage, a home equity line of credit, allows Biden to tap equity built up in his $2.74 million beach house in Rehoboth, Delaware. It is a family retreat that he and first lady Jill Biden purchased after he left the vice presidency.

The FBI this week searched the home as part of the special counsel’s documents investigation. No additional classified materials were found, according to a statement released by the president’s lawyer.

The loan came about a month after the Nov. 2 discovery by Biden’s lawyer of documents marked ‘classified’ at his former Penn Biden think tank office in Washington, DC. That sparked the probe now being overseen by special counsel Robert Hur.

[Is this to pay attorneys for Biden himself, or for Hunter Biden? Either way, it’s a significant draw on equity, but curious in that it seems unnecessary. Biden has at least three residences, including one he leases in McLean for a reported $19,000 a month. Why not sell one of those residences or just end the McLean lease to free up those funds? It would suggest that Biden expects to make it back in spades at some point. — Ed]