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Updated over 7 years ago,

User Stats

11
Posts
1
Votes
Manuel D.
  • San Diego, CA
1
Votes |
11
Posts

Line of Credit for an Investment/Rental Property

Manuel D.
  • San Diego, CA
Posted

Hi Everyone, I have an investment property with 500k in Equity. I am having difficulty finding a bank or credit union willing to extend an Equity Line of Credit, the only bank I found was Wells Fargo and is willing to accept a Line of Credit for up to 60% of the value because it is an Investment Property and not my primary residence. Does anyone know of lender that could extend a line of credit for 70% or 80% of the appraised value? Thanks a lot for your help

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