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Updated over 7 years ago on . Most recent reply

Need help funding HELOC
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Hello BP, I need some help with structuring a HELOC. It's non owner occupied and owned free and clear. Market value is around 650k. The investor wants only 200k HELOC at 12% with 1 pt upfront and no pre payment penalty after 30 days. I just want to know what the going rates are for private funding on HELOCS's(points, interest etc). Any help on this would be great thanks.