Home equity line on investment property
Does anyone know of a lender in Denver offering home equity lines on investment properties?
I have a few properties that have gone up a lot in value and would like to take some equity out but don’t want to refinance into a jumbo loan. They are currently financed just below jumbo ($450k) since the limit in Denver is quite low relative to selling prices. I would like to take out about $150k to purchase another property.
Thanks.
John