HELOC for Investment Properties

HELOC for Investment Properties

Member since 2017 · 6 posts · 0 votes

I am looking for a lender in Omaha that will give me a HELOC on my investment properties. I spent the better part of a day searching online and calling banks with no success. Thanks!

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Owen DashnerPro Member
Lender · Omaha, NE · Member since 2008 · 1k+ posts · 1k+ votes
5y

Ken, try Dan Palmquist at American Interstate Bank in Elkhorn. 

Good luck!


Owen

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  • Owen DashnerPro Member
    Lender · Omaha, NE · Member since 2008 · 1k+ posts · 1k+ votes
    5y

    Ken, try Dan Palmquist at American Interstate Bank in Elkhorn. 

    Good luck!


    Owen

  • Investor · Papillion, NE · Member since 2014 · 197 posts · 74 votes
    5y

    Spencer kimball at the Gold Coast branch of pinnacle is who did mine.  

  • Rental Property Investor · L.A. Ca · Member since 2020 · 121 posts · 43 votes
    5y

    @Matt Morgan, @Owen Dashner 

    Do you know if your bank will do out of state HELOCs on rentals? I have tried everywhere as well for my rentals in Az, Fl and NC and couldn't find any. Did this occur recently or before Covid19? If during/after Covid19 what rates do you get on the HELOC if you don't mind me asking. Thanks!

  • Real Estate Broker · Concord, NC · Member since 2019 · 74 posts · 42 votes
    5y

    Hello @Nicole W. for NC try First Citizens Bank

  • Investor · Papillion, NE · Member since 2014 · 197 posts · 74 votes
    5y

    @Nicole W. not sure about the outbid state issue, but my rate is prime with clauses on min and max that can be charged

  • Rental Property Investor · L.A. Ca · Member since 2020 · 121 posts · 43 votes
    5y

    @carlos Paz @Matt Morgan 

    Thanks!

  • Rental Property Investor · L.A. Ca · Member since 2020 · 121 posts · 43 votes
    5y

    I talked with First Citizens Bank and they only do HELOCs on primary or second homes. They won't for any investment properties. 

  • Rental Property Investor · L.A. Ca · Member since 2020 · 121 posts · 43 votes
    5y

    I called Pinnacle and American Interstate. They don't do HELOCs but will do lines of credits agains a rental. Pinnacle will do a yr long one or you can get a commercial loan with longer terms. Unfortunatley American Interstate has only 2 branches and work only with those in NE. Pinnacle will do loans for anyone in any state with a Pinnacle bank. There are none in Az, NC or Fl. 

  • Rental Property Investor · Los Angeles, CA · Member since 2014 · 259 posts · 55 votes
    5y

    following up....any HELOC / ELOC friendly lenders for rentals (non-owner occupied homes)?

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