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Updated about 6 years ago on . Most recent reply

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John Krauklis
  • Denver, CO
21
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32
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Home equity line on investment property

John Krauklis
  • Denver, CO
Posted

Does anyone know of a lender in Denver offering home equity lines on investment properties?  

I have a few properties that have gone up a lot in value and would like to take some equity out but don’t want to refinance into a jumbo loan. They are currently financed just below jumbo ($450k) since the limit in Denver is quite low relative to selling prices.  I would like to take out about $150k to purchase another property. 

Thanks. 

John

Most Popular Reply

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6,171
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
5,136
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6,171
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@John Krauklis - Pen Fed Credit Union will do 80% LOC at prime + 1% on NOO

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Second City Real Estate
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