Investor-Friendly aka Portfolio Lenders in Mass

[Nate Ginsberg]

I have a bunch of equity built up in a couple of small multi-family properties and I would like to take cash out to do two things: (1) force appreciation by making improvements to currently owned properties, and (2) purchase additional rentals. I would like to avoid refinancing if possible because my current mortgages have extremely low rates (these were originally purchased as owner-occupied properties). What options do I have for getting a second mortgage or HELOC? How can I find an investor-friendly lender willing to take second position? What banks/credit unions have other Massachusetts investors had success with refinancing or getting HELOC on their multi-family rentals? For reference, I am in central Mass along Route 2 corridor between Leominster and Gardner. Thanks in advance BP!

[Lien Vuong]

Workers Credit Union and East Boston Savings are great sources. Maybe @Matthew Crivelli can give you some insight too!