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Updated about 1 month ago on . Most recent reply

Katie Flynn's profile image
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Katie Flynn
  • Member since Jan 19, 2025
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Katie Flynn's profile image
Katie Flynn's profile image
Katie Flynn
  • Member since Jan 19, 2025
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Katie Flynn
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Private Lending & Conventional Mortgage Advice

HELOC on Investment Property (NY)

Katie Flynn
Posted

Hello!

My primary residence is an apartment I rent in Brooklyn NY. I have an LLC which holds a 505k mortgage on a house in the Hudson Valley that I currently rent out on Airbnb. I would like to make some updates to the house which was recently appraised for 780k. A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation. I'm looking to borrow around $60k. Does anyone have any leads?

Upstate New York, New York
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