HELOC on Small Apartment complex

[John Nicholas]

Hello, 

I am curious if it is possible or how difficult it is to get a HELOC on a paid off apartment complex. if possible what would be the LTV you could get? How does the bank value an apartment complex.

Thanks 

[Rich Johnson]

John Nicholas I just closed on a heloc last month on my paid off single family home rental...75% ltv...Zero fees upfront...4.21%...$60 yearly fee....Huntington Bank Columbus Ohio