Looking for a Home Equity Loaner on a SF Rental in SC

[Matthew Patrick]

Hey guys & gals, 

This is a revise & re-post, because originally I was going to utilize a property in NC, and realized the 5+years of rentals from my other property might bode well with a loaner. 

I am looking form some local help today a *recommendation* (I not soliciting for direct lenders) for a Home Equity loan on a SFH Rental we own in Hilton Head, SC. The LTV ratio we are looking for is about 0.50 and we own the SFH outright and have been renting it for about 5+ years. We're looking to borrow funds to use for a potential short sale, elsewhere.

Just haven’t been able to find any good institutes and we’re looking for some relevant and experienced responses.

Thanks in advance BP community!!

Matthew Patrick

[Jake S.]

@Matthew Patrick Sometimes banks in your local area will be willing to do that on a property in another state. Some banks will, some won't