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Updated about 2 months ago on . Most recent reply

User Stats

257
Posts
18
Votes
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts

Where can my LLC get a HELOC?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

I'm looking to get a home equuity line of credit for an investment property owned by my LLC. I just talked to two banks and they both said that they don't offer them for investment properties. Anyone know of any good sources for small business HELOCs?

Most Popular Reply

User Stats

1
Posts
2
Votes
Kyle Kelley
  • Fort Worth, TX
2
Votes |
1
Posts
Kyle Kelley
  • Fort Worth, TX
Replied

If you're still looking, I'm in the process of getting a HELOC on an investment property I own in South Jersey in an LLC through William Penn Bank, they lend in PA and NJ. The loan officer didn't care about the LLC, just said there would be additional papers to sign. TD Bank will also do HELOCs on investment property, but the LLC is a deal breaker for them.

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