Anyone left offering HELOC on investment properties?

[Andrew DeWeerd]

Hey BP! I am looking for any competitive lenders who are still offering HELOC's on investment properties? It seems like most lenders have pulled back and have restricted this to primary residences only now. The purpose for looking for a HELOC opposed to a re-fi is the flexibility of pulling money out in draws, and the low fee structure compared to a re-fi with closing costs and greater points. For example I was in process of getting one with 5/3 bank at 80% LTV, at prime to prime+0.7% and only a small few hundred dollar fee, but they literally JUST shut that product off on investment properties. I believe Wells Fargo and others have done the same. Is there any other major players left that will do this at competitive costs? This is on a BRRRR property that I've had for just 4-5 months now in Bradenton / Sarasota Florida