Accessing Equity on an Investment Property

[Anthony Gallagher]

Hi BP pros! 

We have a Two-family investment property in NYC with a 3.25% rate. Appraised at around $2m with a mortgage balance of $1m, so a good amount of equity doing very little for us. 

- We don't have a HELOC on it.

- We run our own architecture firm and are exploring ways to access some of the equity we've built up to reinvest in another project without refinancing and losing our 3.25% rate, if that is even possible?   

Thank you as always!

Anthony