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Massachusetts Real Estate Q&A Discussion Forum
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Updated 10 months ago, 01/28/2024

User Stats

76
Posts
31
Votes
Ian Martin
Pro Member
  • Developer
  • Boston, MA
31
Votes |
76
Posts

Lender who will do a HELOC on investment property in Mass?

Ian Martin
Pro Member
  • Developer
  • Boston, MA
Posted

Hey everyone, 

I've got an investment property (a three family) under contract in the Boston area, and would like to use a lender who can offer me both a conventional mortgage as well as a HELOC from day one. I'm planning to put down about 30% of the purchase price as a down payment. So far I'm striking out when it comes to lenders who will offer a HELOC on an investment property in the area. Does anyone know a lender who will offer this? Thank you in advance.

  • Ian Martin
  • User Stats

    76
    Posts
    31
    Votes
    Ian Martin
    Pro Member
    • Developer
    • Boston, MA
    31
    Votes |
    76
    Posts
    Ian Martin
    Pro Member
    • Developer
    • Boston, MA
    Replied
    Quote from @Joshua Poitras:
    Quote from @David Ibrahim:

    @Joshua Poitras Where did you end up going for your HELOC?

    Hi Dave,

    I went to Triangle CU in Nashua NH. I did the 100% LTV on Personal Residence, however they do offer up to 80% LTV on Investment property. You'll want to speak to Christin Malloy in the commercial dept. Let me know if you need me to link you!


     Hey Josh, would you be able to link me up with Christin Malloy as well? I can shoot you a DM with my contact info.

  • Ian Martin