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Updated 6 months ago,

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Investment Property HELOC

Posted

Hi everyone, I'm looking for a bank that does HELOC's on investment properties. I planned on just doing a refi on my first two properties but the appraisals just came in too low. I didn't really rehab them much but was thinking the hot market pushed the process up enough. Anyway, that's a no go now. I need a HELOC on them to get access to more funds. Talked to a few banks that won't do it because they are in my LLC'S name. PenFed being one of them. My local credit union won't do it either, they also won't do a business LOC because the business is only 1.5 years old. Any suggestions?

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