Portfolio Lenders & Banks Offering HELOCs in Raleigh-Durham Area

[Brian Sylvester]

Hello BP Community-

I am interested in doing a BRRRR for my first rental property. It was recommended that I look into portfolio lenders for the refinance to avoid the seasoning period requirement. Does anyone have recommendations for portfolio lenders in the Raleigh-Durham / surrounding areas?

In addition, I'm looking to use a HELOC for purchasing the property. Speaking with Coastal Credit Union now but would like to explore others to see if rates are lower, realizing that some banks (including Wells Fargo, my bank) are not currently offering HELOCs due to Covid-19. Any recommendations for banks that have competitive rates on HELOCs? Coastal may be the best, but still need to check around at a few other banks.

Many thanks in advance.