HELOC on investment property in Minnesota (MN)

Member since 2022 · 4 posts · 4 votes

Hi all - wondering if anyone can recommend any banks that will extend HELOCs on investment properties in the Twin Cities area of MN. I'm looking for a portfolio loan across three properties. Thanks in advance

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Jeff SchemmelBusiness Member

Real Estate Agent · Saint Paul, MN · Member since 2014 · 384 posts · 401 votes

@Spencer Perron @Tim Swierczek has a contact he recommended to me for this same purpose. Reach out to him about it and he can get you in touch.

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Jeff SchemmelBusiness Member
Real Estate Agent · Saint Paul, MN · Member since 2014 · 384 posts · 401 votes
4y
@Spencer Perron @Tim Swierczek has a contact he recommended to me for this same purpose. Reach out to him about it and he can get you in touch.
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Daniel Anshus
Realtor · Bloomington MN (bloomington, mn) · Member since 2016 · 451 posts · 263 votes
4y
@Spencer Perron I have a contact at tru stone that does and is very communicative. Message me and I’ll connect you with him
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Kerry BairdPro Member
Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
4y
Perhaps Merchants Bank or Citizens are still doing HELOCs. Figure and Quorum are other options.
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Edward Stronge
Member since 2020 · 2 posts · 1 vote
3y
My list so far:

- TruStone (75 LTV, prime -0.5%)
- Citizens Bank MN (65 LTV 2nd position; 75 LTV 1st, prime)
- Quorom FCU (cf https://www.quorumfcu.org/lend...)
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Account Closed
Member since 2023 · 30 posts · 10 votes
3y
@Christopher Harris
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