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Updated almost 8 years ago,
Alternative to HELOC on investment property?
After calling 33 small banks I have come to the realization I am not going to get a HELOC on a rental property in the second position.
I know Huntington/Penfed/Navyfed/TDbank will do them but due to various reasons including being out of state, too many properties, properties in LLC - I am ruled out of those lenders. Refinancing is also out the question.
I have 2 properties with 150K in appraised equity and I am looking for a loan or HELOC around 80K. Is there any other way to barrow against this equity?