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Updated over 8 years ago on . Most recent reply

User Stats

22
Posts
7
Votes
Christine Kwasny
  • Rental Property Investor
  • La Cote, Switzerland
7
Votes |
22
Posts

LOC for non-US residents?

Christine Kwasny
  • Rental Property Investor
  • La Cote, Switzerland
Posted

I am looking for a LOC secured by one or both of my rental properties; a 4-plex and a SFH. Both have substantial equity that I'd like to access without using a cash-out re-fi. We have strong reserves, and good paycheck income. Seems like this would be easy, but it's proving impossible.

Trick is that 1) both properties have a primary mortgage, and 2) my husband and I are US citizens but live outside of the US.  I have contacted numerous local banks (local to my rentals), but one or the other of the above issues is a stopping point. 

I'd love to find a lender, so appreciate any leads!

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