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Updated over 1 year ago on . Most recent reply

User Stats

27
Posts
16
Votes
Michelle Mercer
  • Investor
  • Atlanta GA | Cleveland OH | RTP, NC
16
Votes |
27
Posts

Any Bank/Lender in GA or OH for HELOC?

Michelle Mercer
  • Investor
  • Atlanta GA | Cleveland OH | RTP, NC
Posted

I have several properties in the State of GA and OH.

They are locked at 2-3% interest rate. Most properties have around 50% debt on them. See below.

Is there way I can get put some these equity into use without refinancing to 8-9% rate? I'm thinking about HELOC against them, but not sure which bank does LOC against rental properties?

I also have a commercial property - with $1.1M debt, $2.1M market value - seasoned for 3 months now. Anyway to get HELOC against that commercial property?

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