HELOC / Line of Credit on SFR Rental Property in Atlanta

[Jamal Green]

I am looking to refinance my  rental property which is a single family home (with an accessory apartment).  Its in Atlanta, Ga.

It has a first mtg of $400,000 and a HELOC (which I got when I lived there) of $65,000.

the value is currently $650,000 and I would like to take out as much equity as I can.

I am wondering which banks would offer a LOC on an investment property. I called PENFED and they offer one at 80% LTV. Anyone have any experience with them? 80% LTV = $520,000

Any other banks to try?

I could also do a new first mortgage as a cash out refinance, but my go to mortgage lender says they cant do a cash out refi at 80% LTV for that large a mortgage, they can only do 60% which doesn't leave me any cash out.

Advice? recommendations???

thanks!