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Lisette Gonzalez
  • Rental Property Investor
  • Reno, NV
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Interest Only LOC on investment properties.

Lisette Gonzalez
  • Rental Property Investor
  • Reno, NV
Posted May 16 2022, 12:44

Has anyone had any luck getting a interest only Line Of Credit on a investment property?

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John Acheson
  • Renter
  • Las Vegas, NV
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John Acheson
  • Renter
  • Las Vegas, NV
Replied Jun 2 2022, 00:24

I've gotten them with banks based on a LLC's gross revenues up to $50K.

I'm guessing $50K or less no doc

$100K low doc

not sure above that?

All the LOCs I applied for at BofA, BoW, USB, Wells were interest only Prime + around 3% in 2020-early2021