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Updated over 2 years ago on . Most recent reply

User Stats

21
Posts
16
Votes
Beda Yang
  • Investor
  • Oakland, CA
16
Votes |
21
Posts

Heloc on commercial property (8 unit) in Cincy?

Beda Yang
  • Investor
  • Oakland, CA
Posted

Hey ya'll, anybody know of lenders that would be willing to help me open up a heloc on an 8 unit?  i currently owe 150 on it and it would conservatively appraise at 500+.

Most Popular Reply

User Stats

21
Posts
16
Votes
Beda Yang
  • Investor
  • Oakland, CA
16
Votes |
21
Posts
Beda Yang
  • Investor
  • Oakland, CA
Replied

Thanks @Scott Trench - here's an updated list (called 7/5/22) in case anybody is keeping up w/ this thread - 

Only two lenders that have a heloc product on commercial/investments - 

1. US Bank - better rates

2. Cinfed (specific to OH)

Lenders that do NOT, after calling them - 

Keybank

Penfed

Finance of America

Huntington Bank

PNC Bank

Cincinnati specific - 

Cincinnati Federal

Kemba Credit Union

Greater Cincinnati CU

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