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Updated 9 months ago, 03/29/2024
DSCR Lenders or HELOC on Investment
Hey Community!
I have a SFH in my portfolio that has a good deal of equity and only a HELOC (TD BANK) on it for 10.24%. TD was not interested in doing a new HELOC because my portfolio is too big for their lending requirements (7 properties with primary, I thought the limit was 10, but evidently not).
In any case, I am looking to either do a DSCR loan or if possible find another company that would do a HELOC on an investment property.
I am wondering what lenders you are currently happy with on the DSCR side and if you know any that still give HELOCs on investments.
Thank you so much!
Pierre Eade