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Updated over 6 years ago on . Most recent reply

HELOC on Multifamily Building
Hi all - My brother has a 4 unit in DC which has 35% equity in it. I'd like to do a significant renovation and am exploring the viability of a HELOC to accomplish that. As an owner occupant, should my brother expect that banks will give me the typical 90% or even 95% LTV HELOC? @Aaron Smith
Most Popular Reply

Peter Tverdov
Agent
Property Manager
Pro Member
- Real Estate Broker
- New Brunswick, NJ
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Keep calling around. I have an investor friendly bank that will do HELOCs on a limitless amount of investment property. I am applying for a SBLOC with them right now actually. Going on 2 months of waiting to close unfortunately :(
- Peter Tverdov
- [email protected]
- 732-289-3823