looking for recommendations in the Florida area for local lenders specifically HELOC on investment properties/portfolio lenders/ cash out refinances...
its been hard to find banks that will give HELOC on investment propeties and the best cash out refinance on LTV is 75% from quicken loans.....
any help would be greatly appreciated....who do you guys work with ?
also looking for comercial loan lenders the best i found is a 15 year term at 5.6% interest...
thanks in advance
The best chance to obtain a HELOC for NOO properties is with a local credit union. If you are doing a cash out refi the best place to look are with Non-Agency lenders who understand the Real Estate Investment space. Your 15 year term looks like a fairly good rate. Hope this helps.
TD Bank will do HELOCs on investment properties in Florida. Also Trustco bank has done investment mortgages. PenFed has a HEL product.
thanks for the information