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Updated over 8 years ago on . Most recent reply

Shefali R.'s profile image
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Shefali R.
  • Investor
  • from Montclair, New Jersey
  • Member since Nov 18, 2015
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Shefali R.'s profile image
Shefali R.'s profile image
Shefali R.
  • Investor
  • from Montclair, New Jersey
  • Member since Nov 18, 2015
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Shefali R.
  • Investor
  • Montclair, NJ
23
Votes |
150
Posts
Creative Real Estate Financing

HELOC on Inv Property in NY/NJ

Shefali R.
  • Investor
  • Montclair, NJ
Posted

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!

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Tzvi Balsam's profile image
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Tzvi Balsam
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  • from Brooklyn, New York
  • Member since May 30, 2016
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Tzvi Balsam
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  • from Brooklyn, New York
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Tzvi Balsam
  • Investor
  • Brooklyn, NY
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Tzvi Balsam
  • Investor
  • Brooklyn, NY
Replied

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

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