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Updated over 1 year ago on . Most recent reply

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9
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2
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Sean Britt
  • Denton, TX
2
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9
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Looking for LOC in Texas

Sean Britt
  • Denton, TX
Posted

I’ve posted in the past looking for this, but wanted to check again since the lending landscape has changed so much in the last 2 years. 

I have two investment properties with a fair amount of equity. They are both in Denton county. I have two primary loans on them and am not interested in giving up the terms of the mortgages. Looking for a lender that will give me a LOC in 2nd position and be comfortable with me not immediately using the capital (or longer).

Are there any banks that anyone has done this with in Texas who is fine being in 2nd position? (Already have a HELOC with primary.)

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