HELOC / LOC on non owner occupied rental properties
Hi all,
I am looking to get a line of credit on three of my rental properties that I own free and clear. I was wondering if anyone knows a bank or credit union that offers a line of credit product on investment properties.
I did some research on the forum. It looks like PenFed offers HELOC on investment properties. However, they only lend to people who have 4 properties or less. I currently have more properties than the threshold and wont qualify. Also, I am just looking for a
line of credit at the moment. So refinance and term loan are not ideal products for me at the moment.