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Updated over 6 years ago on . Most recent reply

User Stats

19
Posts
7
Votes
Phil Falcini
  • Rental Property Investor
  • Colorado Springs, CO
7
Votes |
19
Posts

Recommendations for a lender - HELOC on an Investment Property

Phil Falcini
  • Rental Property Investor
  • Colorado Springs, CO
Posted

Does anyone have a recommendation for a lender to get a HELOC on a 4plex?

I have asked around through my connections and have an option but want more options.

Thanks in advance!

Most Popular Reply

User Stats

144
Posts
64
Votes
Lawrence L.
  • Rental Property Investor
  • Bronx, NY
64
Votes |
144
Posts
Lawrence L.
  • Rental Property Investor
  • Bronx, NY
Replied

@philfalcini I'm using PenFed. Here is a list I got from another post..from @KerryBaird .I have been gathering lenders who will do HELOCs on investment properties. It appears to be one of those "impossible" things in the real estate world, that persistent people do regularly. :D

If anyone else has one to add to my list, please let me know, as my list has been growing recently.

Trustco

US Bank

TD Bank

PenFed (I used this one)

Union Bank, specializes in noo HELOC, Cory K Bente on BP

Utah: Americafirst 80% LTV on noo 65% LTV 15 year 5.74%

80% HE 15 or 10 year 6.49 fixed

First Florida Credit Union (Jacksonville area)

1.99% for 12 months, 5.25% variable 80% CLTV 20 yr w 10 yr draw

Investment property HELOC in Texas from Hurst Lending and Insurance

I don't why I can't highlight the names..good luck. 

  • Lawrence L.
  • Loading replies...