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Updated almost 4 years ago on . Most recent reply

User Stats

62
Posts
52
Votes
Hai G.
  • Investor
  • San Mateo, CA
52
Votes |
62
Posts

HELOC for Rental Properties in the Bay Area

Hai G.
  • Investor
  • San Mateo, CA
Posted

Hi BP,

I have some equity in a rental property in the Bay Area that I'm looking to make use of. All the lenders (mostly banks) I've contacted do not offer HELOC for rental properties. Has anyone found success with credit unions locally that offer such product? If so would love to hear your experience such as the terms you're getting and who you're working with. Cash out refi is not something I'm interested in.

Thanks!

Hai

Most Popular Reply

User Stats

285
Posts
225
Votes
Blake Edwards
  • Real Estate Agent
  • Brentwood, CA
225
Votes |
285
Posts
Blake Edwards
  • Real Estate Agent
  • Brentwood, CA
Replied

@Mark Lee - We have a great relationship with an investment friendly lender we refer our clients to all the time.  Shoot me a PM and I can connect you if you want.

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