Updated almost 2 years ago on . Most recent reply
Investment Property HELOC
Hi everyone, I'm looking for a bank that does HELOC's on investment properties. I planned on just doing a refi on my first two properties but the appraisals just came in too low. I didn't really rehab them much but was thinking the hot market pushed the process up enough. Anyway, that's a no go now. I need a HELOC on them to get access to more funds. Talked to a few banks that won't do it because they are in my LLC'S name. PenFed being one of them. My local credit union won't do it either, they also won't do a business LOC because the business is only 1.5 years old. Any suggestions?
