HELOC on Inv Property in NY/NJ

[Shefali R.]

Hi - would anyone have recommendations on banks/credit unions who offer HELOCs on investment properties in NY and NJ. So far I have identified TD Bank, Santander (but they have a $250k cap) and Penfed (but they wont offer HELOCs in first lien or if you own more than 4 units).

I am looking for banks who will offer upto a $500k HELOC (subject to LTV thresholds) and be willing to do so in NY and NJ areas. Thanks so much!

[Tzvi Balsam]

Did you try wells Fargo I know they do 80% LTV I do not know any more info though.