HELOC for primary and/or investment property 2-3 family

[Brian C Kelleher]

Hi All,

I am looking for knowledge on banks that can offer HELOCs on the following property types. Any information on banks, especially local banks with special programs, would be greatly appreciated.

1. 2 Family investment property in Chelsea, MA worth $850k with loan of $600K (rate at 2.9% so refinancing is not an option). Note one apartment is an airbnb with 5 year track record of great income

2. 3 Family primary residence in East Boston worth $1.35M, loan of $1.1M, owner occupied in 1 unit. Purchased in July 2024. 1 other unit is long term rental and 3rd unit is short term rental started in October 2024.

I'm interested in having access to a line of credit from either property up to 95% LTV to be able to buy another investment property if one popped up onto the market. Great credit score 780+.

Thank you in advance!

Best,

Brian