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Updated almost 3 years ago on . Most recent reply
Looking for a HELOC Lender in Boston
Hi BP Community -- it has been a while since I've posted on here, but I am finally back.
My family owns a rental property in Cambridge that has significant equity ~$1.2MM. We are looking to get a HELOC for renovation purposes. This property is currently held in a LLC.
Does anyone have contacts at a Bank in the Boston region that would work with property owners in this situation? We want to get the highest value HELOC possible, so this might impact the bank we could work with. I welcome any advice or insights. I am happy to connect offline as well.
Most Popular Reply
LLCs you would need to do it with a commercial lender and prove the income to support it. If its in Cambridge I would suggest with Cambridge Savings and expand from there.
- Lien Vuong
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