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Updated about 2 months ago, 10/09/2024

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1
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0
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Julio Arias
0
Votes |
1
Posts

Equity lending on properties

Julio Arias
Posted

Hi, I am reaching out because a couple of properties that have equity and I am looking for ways to pull some of that equity to redeploy the money into the properties to do improvements to maximize my income streams by building ADUs. I am not looking to refinance since this rates are in the 3% range. Any advise or recommendation will be welcome, thank!

User Stats

422
Posts
158
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Brandon Croucier
Lender
  • Lender
  • Newport Beach, CA
158
Votes |
422
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Brandon Croucier
Lender
  • Lender
  • Newport Beach, CA
Replied

Hi Julio,

Depending on how many properties you own/Value of said properties and your loan balance.

There are some private lenders willing to blanket 2nd position loans if the LTV they are at feels safe.

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ALL LOANS FUNDING
4.8 stars
4 Reviews

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3,621
Posts
1,128
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Erik Estrada
Lender
#5 Mortgage Brokers & Lenders Contributor
  • Lender
1,128
Votes |
3,621
Posts
Erik Estrada
Lender
#5 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

Have you looked into a HELOC?

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LuxePrivate Investments LLC
5.0 stars
31 Reviews
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