Skip to content
Classifieds

User Stats

34
Posts
1
Votes
Boone Bergsma
  • Specialist
  • Pacific Northwest
1
Votes |
34
Posts

Is there a option like HELOC for a Mortgage/Note Holder?

Boone Bergsma
  • Specialist
  • Pacific Northwest
Posted Mar 13 2019, 16:44

Is there a loan instrument for borrowing against the value of a mortgage you hold on a property, similar to a HELOC?

So for example, if someone held a 10yr note @ 8% on $200,000, are there investors or firms that would provide a loan or line of credit for the note holder to invest in a fix and flip?

Thanks!

Looking for