Need HELOC for a property under LLC

[Alpesh Parmar]

Hope everyone is staying indoors and healthy!

I acquired a property couple years ago and did a BRRRR on it. I put in total $70K and it's worth $100K now. I bought it under my LLC and I have been thinking of refinancing. Can someone give me reference of lender who can give HELOC on an investment property owned under LLC?

Take care and stay safe!

[Kerry Baird]

@Guifre Mora and @Johnny Horner, 

I've gleaned these lenders over the course of a year or so. I personally have used PenFed and TD Bank for HELOCs on investment property. Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.

Ridge Lending All in One, first position HELOC

Americafirst 80% LTV on noo 65% LTV Utah

Arvest Bank AR, OK, AL, MO

Bank of the west

BB&T will loan on a rental portfolio

BBVA Compass

Boeing employee credit union

California: Cal Coast Credit Union and Fremont Bank.

Citizens first position HELOC

CMG a financial 70% LTV

East West Bank, up to 60% LTV with "no docs”

Figure 80% on a rental, not in LLC

First Florida Credit Union https://firstflorida.cumortgag...

Great Lakes Credit Union

HSBC 70%, for premier clients only

Huntington 75% LTV

Hurst Lending and Insurance Investment property
HELOC in Texas. No seasoning.

Key Bank, FLorida flexible lender, HELOCs on second
homes and rental properties. 90% LTV on primary.

Merchants Bank MN See Pavel Ushakov
>=700 (credit score), <=80% LTV the rate would be Prime - .25% 
>=700 (credit score), 80.1% - 90% LTV the rate would be Prime + .50%
>=700 (credit score), >90%, the rate would be Prime + 1.75%
30 years; 10 yr draw, 20 yr repayment.
Annual fee $25.


PenFed - max 3 other properties, 89% LTV

Regions- yes HELOC but no LOC

SCCU Florida 70% LTV, 6.25% interest only, not LLC

Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”

TD Bank

TIAA Direct was EverBank

Tower FCU, all states except TX, max 45 DTI, green card ok. Max of three rental properties. Automated appraisal.

Trustco

Union Bank, specializes in noo HELOC. KCMO, NE

Union Bank, MUFG.

US Bank

Vectra Bank