NJ home equity loan lender recommendation

[Leiyang Wang]

Hi, I recently completed a gut renovation that converted a single into a multifamily where I currently occupy one of units. Cash flow is beyond exception from medium term rentals. Does anyone have recommendation on home equity loan lenders around the area to unlock the equity in the house. 

[AJ Wong]

Quote from @Leiyang Wang:

Hi, I recently completed a gut renovation that converted a single into a multifamily where I currently occupy one of units. Cash flow is beyond exception from medium term rentals. Does anyone have recommendation on home equity loan lenders around the area to unlock the equity in the house. 

Hi Leiyang..Congrats on finishing the project. I just posted about increasing availability of HELOC and fixed cash out second mortgages yesterday..A client of our/ just tapped an equity position for portfolio expansion. Check in with @Joseph Chiofalo they have NJ second lien loan programs that can go up to 95%LTV but lower on 2+ units. Several different types of income qualifications.

Good luck.