Please help me find a bank, credit union, etc that will let me use 100% of my equity on an investment property for an interest only HELOC.

Would anyone have any recs on location banks, credit unions, etc that would look at a deal like this?

**Local Credit Unions & Regional Banks**: Many local financial institutions in South Carolina offer investor-friendly loan products and might be more flexible with terms for a cash-out refi.

You should be able to shop local lenders and credit unions and get a much lower amount of cash out of pocket while still achieving your goal of 75% or even 80% LTV on a commercial note.

Local banks and credit unions will be the best place to check for this.As for the strategy, using a Heloc for the downpayment will get you into the deal, but how do you plan to get out of it if this is a long-term hold?

I would call 10-15 local banks and credit unions and ask to speak to their business banker about business loans in LLCs.

You might also find better terms from local lenders or credit unions.2.

@Henry BaghYou can start with local lenders and local banks and even credit unions some have DSCR options.

Hello Joshua, I would look at Amegy bank, they have a 1x close product, and also, look at 1st united bank, very easy to work with, beyond those 2, I would go to a local credit union.

If anyone will do this, it will likely be a small local bank or credit union that you have a banking relationship with.