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All Forum Posts by: Katie Flynn

Katie Flynn has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: HELOC on Investment Property (NY)

Katie FlynnPosted
  • Posts 1
  • Votes 0

Hello!

My primary residence is an apartment I rent in Brooklyn NY. I have an LLC which holds a 505k mortgage on a house in the Hudson Valley that I currently rent out on Airbnb. I would like to make some updates to the house which was recently appraised for 780k. A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation. I'm looking to borrow around $60k. Does anyone have any leads?

0 Votes
Upstate New York, New York