HELOC for investment property

[David Rutledge]

Hi everyone,

I am looking to tap into some equity that we have in an investment property we own in California.

It used to be our primary but is now a rental. We have a 3% rate so dont want to refi but the property has appreciated quite a bit so would like to tap into that equity to fund our next deal.

I am having some trouble finding lenders that offer helocs on investment properties.

Does anyone know of any banks and/or lenders that do helocs on investments?

Thanks

David

[Patrick Roberts]

Angel oak and A&D mortgage are two of the bigger lenders that I know of who will do 2nd's on investment properties as of a few months ago. Lots of restrictions and tight underwriting on these. Expect them to be expensive, also.