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Updated almost 8 years ago,

User Stats

47
Posts
10
Votes
Gary Michalske
  • Murfreesboro, TN
10
Votes |
47
Posts

Need Line of Credit on a Rental in Alabama

Gary Michalske
  • Murfreesboro, TN
Posted

Hi BP'ers:

I have a need to obtain a line of credit on a free and clear rental property I own in Huntsville, AL. I have a HELOC from Bank of America on my Tennessee personal residence but they won't give me a line of credit on an investment property. I was going to ask Franklin Synergy (portfolio lender in Tennessee) if they would do it but I heard that they won't for out-of-state properties. Does any one have any references for banks near Hunstville that might provide a line of credit for investment properties?

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