San Diego Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Line of Credit for an Investment/Rental Property
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