Line of Credit for investment Properties

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Ko KashiwagiPro Member
Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
1y

Hi Jeffrey,

Most lenders do not offer a HELOC on investment properties and there are some programs on investment properties but they typically cap at 70% CLTV. Rates are typically 8-9%+ and it's underwritten based on personal income. If the blended rate is lower than refinancing and you don't need 75% LTV then it may make sense.

310-848-9776
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  • Matthew Becker
    Developer · Moscow Idaho · Member since 2024 · 224 posts · 143 votes
    1y

    There should be commercial bankers or credit unions that do. 

    Do you bank at a big bank, credit union, or community bank?

    Start with your bank, but switch banks if it is a big one.
    How much do you owe, and how much is it worth?  

    Most banks don't like to be in second position unless you have a lot of equity.  

    0Reply
  • Jon K.
    Rental Property Investor · Perry Hall, MD · Member since 2016 · 591 posts · 606 votes
    1y
    Quote from @Jeffrey Fullard:

    I have an investment property that I would like to take money out of by using a line of credit. Are there any Lenders this offer Line of Credit for investment property?

    How is the property titled and are you carrying debt on it?
    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1y
    Quote from @Jeffrey Fullard:

    I have an investment property that I would like to take money out of by using a line of credit. Are there any Lenders this offer Line of Credit for investment property?


    Right now the institutional borrowers unless they are direct lending will not, and that is far and few between that are doing this. We work with one lender that will doa 2nd up to 60% LTV but its a loan not a revolving / open ended line of credit.

    7e investments53 Reviews
    WebsiteView Page
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  • Jeffrey Fullard
    OP
    Member since 2025 · 19 posts · 4 votes
    1y

    Hi Chris, would like to get your lender information if you don’t mind?

    0Reply
  • Jeffrey Fullard
    OP
    Member since 2025 · 19 posts · 4 votes
    1y

    Hi Chris, would like to get your lender information if you don’t mind?

    0Reply
  • Jeffrey Fullard
    OP
    Member since 2025 · 19 posts · 4 votes
    1y

    Two of the properties is in my name and 3 is in my company name 

    0Reply
  • Calvin Thomas
    Developer · New York City, NY · Member since 2015 · 812 posts · 718 votes
    1y
    Quote from @Jeffrey Fullard:

    I have an investment property that I would like to take money out of by using a line of credit. Are there any Lenders this offer Line of Credit for investment property?


    Yes.

    Quorum Federal Credit Union

    https://www.quorumfcu.org/

    Signature Federal Credit Union

    https://www.signaturefcu.org/

    0Reply
  • Jeffrey Fullard
    OP
    Member since 2025 · 19 posts · 4 votes
    1y

    Thanks

    0Reply
  • Ko KashiwagiPro Member
    Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
    1y

    Hi Jeffrey,

    Most lenders do not offer a HELOC on investment properties and there are some programs on investment properties but they typically cap at 70% CLTV. Rates are typically 8-9%+ and it's underwritten based on personal income. If the blended rate is lower than refinancing and you don't need 75% LTV then it may make sense.

    310-848-9776
    1Reply
  • Michael CalveyPro Member
    Head of Sales at BiggerPockets · Denver, CO · Member since 2023 · 134 posts · 154 votes
    1y

    Hey Jeff

    By line of credit, I assume you are meaning a HELOC aka a home equity line of credit? 

    I would recommend one of our partners with BiggerPockets, Figure, as they are the #1 non-bank HELOC lender. Easy application that is all done online and you get approved in as little as 5 days which is helpful if you an urgent need for the funds or a deal that you want to jump on.

    [email protected]
    BiggerPockets
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