How can i get a HELOC on a rental Duplex property in New Orleans?

[Justin Lee]

Hi,

Im looking for credit unions and banks who do Heloc's on investment properties?

[Brian G.]

@Justin Lee if you have 3 properties or less (including a primary) and the duplex is held in your name (not in an LLC) then you can get a Heloc on a rental through Pen Fed at 80%LTV, variable rate tied to Prime + 1%, 12 year draw, you choose I/O or P/I payments.