Investor · Broward County, FL · Member since 2018 · 1k+ posts · 938 votes
I know that it is probably not the best time to look for it as many lender are getting very cautious, but I am looking for banks that would offer HELOC on Broward investment property held in LLC.
I'm looking for the same thing at the moment and found it with a local community bank and another credit union. A caveat with both options is that they want to be in 1st lien position, so if you have a mortgage it wouldn't work. Prime rate +1%, so about 4.25% currently. Has to be paid back within a year and then can renew. 80% LTV/Equity.
I'm sure there are other options. Try community banks and CU's in Broward.