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Updated almost 7 years ago on . Most recent reply

John Nicholas's profile image
John Nicholas's profile image
John Nicholas
  • from Mission Viejo, CA
  • Member since Jan 3, 2015
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John Nicholas's profile image
John Nicholas's profile image
John Nicholas
  • from Mission Viejo, CA
  • Member since Jan 3, 2015
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John Nicholas
  • Mission Viejo, CA
2
Votes |
31
Posts
Private Lending & Conventional Mortgage Advice

HELOC on Small Apartment complex

John Nicholas
  • Mission Viejo, CA
Posted

Hello, 

I am curious if it is possible or how difficult it is to get a HELOC on a paid off apartment complex. if possible what would be the LTV you could get? How does the bank value an apartment complex.

Thanks 

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Rich Johnson's profile image
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Rich Johnson
  • Investor
  • from Circleville, Ohio
  • Member since Feb 4, 2016
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Rich Johnson's profile image
Rich Johnson's profile image
Rich Johnson
  • Investor
  • from Circleville, Ohio
  • Member since Feb 4, 2016
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Rich Johnson
  • Investor
  • Circleville, OH
6
Votes |
20
Posts
Rich Johnson
  • Investor
  • Circleville, OH
Replied

John Nicholas I just closed on a heloc last month on my paid off single family home rental...75% ltv...Zero fees upfront...4.21%...$60 yearly fee....Huntington Bank Columbus Ohio

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