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Laura Owens
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Bridge lenders who won't make me pay off my HELOC to get some cash out

Laura Owens
Posted Feb 12 2024, 09:09

Does anyone know a bridge lender who will allow a HELOC to stay in place for the duration of a very short (like 60 day) loan and won't care about the CLTV? Looking to pull some cash out to pay off debt before refinancing into a longer term loan, but I would prefer not to get rid of my HELOC in the process. The first is leveraged at 61%.

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Chad Davis
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  • Lender
  • Richmond VA
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233
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Chad Davis
Pro Member
  • Lender
  • Richmond VA
Replied Feb 12 2024, 10:45

@Laura Owens Need more info about the deal, property etc. but it is possible.