Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

37
Posts
11
Votes
Andrew C.
  • Cambridge, MA
11
Votes |
37
Posts

Looking for a HELOC Lender in Boston

Andrew C.
  • Cambridge, MA
Posted

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

User Stats

2,253
Posts
1,655
Votes
Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,655
Votes |
2,253
Posts
Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

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. 

Loading replies...