HELOC for investment property

[Alipate Moleni]

Other than PenFed, are there any lenders who offer HELOCS on investment properties these days?

The situation: I have a bunch of equity tied up in an investment property. I almost closed on a HELOC with PenFed, but because I was in the process of purchasing my 4th property, they wouldn't do it. They won't do investment HELOCS for investors with more than 3 properties… the potential purchase also threw my DTI out of wack.

I just refinanced (not cash out) this property a year ago and am not looking to do another refi, as it would cause the property to not cash flow… 

I also don’t want to sell the property.