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Updated almost 6 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Todd Harvey
  • Investor
  • Berkeley, CA
2
Votes |
11
Posts

Looking for 2nd loans for Berkeley & Oakland du plex and 4 plex

Todd Harvey
  • Investor
  • Berkeley, CA
Posted

I have substantial equity in my two rental properties and very little equity in the property that I reside in.

I'm looking to borrow against the equity in my investment properties but don't seem to be able to find people who do second loans on non-owner occupied houses (2-4 plexes).

Does anybody know anybody who does 2nd loans at reasonable rates for properties that are rental properties that have significant cash flow and significant equity.  My credit is also good.

Todd

Most Popular Reply

User Stats

246
Posts
127
Votes
Calvin Kwan
  • Oakland, CA
127
Votes |
246
Posts
Calvin Kwan
  • Oakland, CA
Replied

I'm getting a HELOC on my investment property from HSBC. No fee and promotional rate of prime minus 1.51 for the first year, then prime + 1.47 beyond. Let me know if you want my loan officer's info. Thanks.

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