Updated about 1 year ago on . Most recent reply
HELOC on Investment Property (NY)
Hello!
My primary residence is an apartment I rent in Brooklyn NY. I have an LLC which holds a 505k mortgage on a house in the Hudson Valley that I currently rent out on Airbnb. I would like to make some updates to the house which was recently appraised for 780k. A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation. I'm looking to borrow around $60k. Does anyone have any leads?