CA home equity loan lenders on investment properties

Rental Property Investor · Member since 2022 · 4 posts · 2 votes

Any suggestions on CA home equity lenders on investment properties? Looking to take out some equity and open to any other suggestions as well.

1 Reply

45 views

Most Popular Reply

Erik EstradaBusiness Member

Lender · Member since 2022 · 6k+ posts · 1k+ votes

Are you looking for a second position lender or first position? When did you buy this property?

[email protected]818-269-7983

LuxePrivate Investments LLC 570 Reviews

Website View Page

1 Reply

See this reply in the discussion

10 Replies

Jump to latestLatest

Sort by

Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
3y
Are you looking for a second position lender or first position? When did you buy this property?
[email protected]818-269-7983
LuxePrivate Investments LLC 570 Reviews
Website View Page
1 Reply
Alex BekezaBusiness Member
Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3y
@Sasha Mohammed
[email protected]818-606-8823
Investor Property Loan5307 Reviews
Website View Page
1 Reply
Sanjaya Jayawardena
OP
Rental Property Investor · Member since 2022 · 4 posts · 2 votes
3y
@Erik Estrada looking for a second position and purchased in 2017. Looking to maybe tap into 70% LTV. Any recommendations?
0 Reply
Sanjaya Jayawardena
OP
Rental Property Investor · Member since 2022 · 4 posts · 2 votes
3y
@Alex Bekeza does she do HELOC on investment property?
0 Reply
Alex BekezaBusiness Member
Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3y
HELOANs (close ended 2nds)
[email protected]818-606-8823
Investor Property Loan5307 Reviews
Website View Page
1 Reply
Brittany MinocchiBusiness Member
Lender · Massillon, OH · Member since 2022 · 1k+ posts · 486 votes
3y
If it's a single family property not in an LLC, I know of a couple options for HELOCs. Otherwise, for other property types or properties in an LLC, a closed end second (HELOAN) is probably your best bet. Feel free to connect.
[email protected]330-354-6590
Brittany Minocchi - Barrett Financial Group, LLC520 Reviews
View Page
0 Reply
Brayden Hrycko
Lender · Allentown, PA · Member since 2023 · 207 posts · 38 votes
3y
Quote from @Sanjaya Jayawardena:

@Erik Estrada looking for a second position and purchased in 2017. Looking to maybe tap into 70% LTV. Any recommendations?
I have a few lenders we work with that can accomplish this! Heloc is an option we can look at too. Feel free to reach out!
0 Reply
Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
3y
Quote from @Sanjaya Jayawardena:

@Erik Estrada looking for a second position and purchased in 2017. Looking to maybe tap into 70% LTV. Any recommendations?

There is a 70% LTV HELOC available for investment properties. It is a full doc loan however
[email protected]818-269-7983
LuxePrivate Investments LLC 570 Reviews
Website View Page
0 Reply
Aleksandr Simonelli
Member since 2023 · 12 posts · 1 vote
3y
Some companies offer Closed end 2nd HELoans using DSCR as qualifying income up to 75% CLTV. Feel free to PM me and I can point you in the right direction.
0 Reply
Dave Skow
Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes
3y
@Sanjaya Jayawardena- what amount are you needing ? do you want to do a HELOC or a 1st mortgage cash out refinance ? knowing this will be helpful ...fyi - there are not many heloc lenders for rental properties
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.