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All Forum Posts by: Andrew Caton

Andrew Caton has started 5 posts and replied 13 times.

Post: Need help funding HELOC

Andrew CatonPosted
  • San Diego, CA
  • Posts 16
  • Votes 6

No votes yet

Hello BP, I need some help with structuring a HELOC. It's non owner occupied and owned free and clear. Market value is around 650k. The investor wants only 200k HELOC at 12% with 1 pt upfront and no pre payment penalty after 30 days. I just want to know what the going rates are for private funding on HELOCS's(points, interest etc). Any help on this would be great thanks.

Post: Need help with HELOC

Andrew CatonPosted
  • San Diego, CA
  • Posts 16
  • Votes 6

Hello BP, I need some help with structuring a HELOC. It's non owner occupied and owned free and clear. Market value is around 650k. The investor wants only 200k HELOC at 12% with 1 pt upfront. I just want to know what the going rates are for private funding on HELOCS's. Any help on this would be great thanks

Post: New member in San Diego

Andrew CatonPosted
  • San Diego, CA
  • Posts 16
  • Votes 6

Hello, I am new to bigger pockets. I signed up hoping to learn all I can about real estate from the best. I am in the San Diego area and looking for a mentor. I am ready and eager to get started with my real estate journey.