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Updated about 23 hours ago on . Most recent reply

Joshua Manier's profile image
Joshua Manier's profile image
Joshua Manier
  • Lender
  • from Colorado Springs, CO
  • Member since Nov 27, 2019
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Joshua Manier's profile image
Joshua Manier's profile image
Joshua Manier
  • Lender
  • from Colorado Springs, CO
  • Member since Nov 27, 2019
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Joshua Manier
  • Lender
  • Colorado Springs, CO
5
Votes |
11
Posts
Private Lending & Conventional Mortgage Advice

HELOC for 2 unit investment property in Chicago, IL

Joshua Manier
  • Lender
  • Colorado Springs, CO
Posted

Hello Everyone,

Does anyone know of a lender who can provide a 1st lien HELOC on a 2 unit rental property? Great rental income, strong FICO, low LTV (60% or below), strong liquidity and PFS. Thanks in advance.

Chicago, Illinois
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Jack Matthias's profile image
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Jack Matthias
  • Lender
  • from Chicago
  • Member since Aug 31, 2023
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Jack Matthias's profile image
Jack Matthias's profile image
Jack Matthias
  • Lender
  • from Chicago
  • Member since Aug 31, 2023
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Jack Matthias
  • Lender
  • Chicago
56
Votes |
146
Posts
Jack Matthias
  • Lender
  • Chicago
Replied

Hi Josh,

Curious why the Heloc as this can be done with better terms going the conventional route.

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