HELOC Loans on Rental Properties (non primary)

[Alex Winfield]

Hey Bigger Pockets crew!
I wanted to see if anyone had some good recommendations for HELOC lenders. Banks or actual lender contact would be great. Doing some shopping to get some more capital lined up for 2023 with hopes of flipping and doing some BRRRR deals. Figured a quick post might speed up my process and maybe benefit for others on here! I'm in Virginia Beach/Norfolk, but seems like a lot of these lenders can operate where ever. I have a good amount of equity in some of my rental properties and would love to leverage that first.

Goals: 
- HELOC lender that does Rental Properties 
- and/or HELOC lender that does primary loans at 90/10% LTV or higher.
 - not necessary, but if you know someone personally who is easy to work with and quick that would be awesome too! 

Much thanks to any who jumps on! 
May your Castle be secure and your cup overflowing! 
Alex 

[Matt Devincenzo]

Navy Federal CU does HELOCs on investment SFR, and 90/10 on primary. I think the MFR HELOC space will take a bit of time before lenders re-enter...they're mitigating risk for now, and investment 2nd position MFR loans are fairly high on the risk profile compared to other options to deploy capital.