Been working with Lima One, but their rates seem very high considering low LTV and this being an asset-based portfolio loan for a 5/1 ARM. 

First part of the question - I've found HELOC rates, recommended elsewhere on BP, for non-owner OCC from Pentagon Federal CU.  80% LTV and 6.25% variable APR.   

Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!

Now the ltv on those will probably be lower so it may not be worth it with what you still owe

They fund, I run the business, I make my cut. 

Lesley, the article you just posted states the following: "Note that there is no limitation preventing the Fund from borrowing cash in order to purchase or improve the property."

His response was "I can do 80% LTV with purchase price and repairs compared to LTV."

Is anyone aware of any firms or anything that will provide a 2nd mortgage up to let's say 80% LTV and 85% of total cost?  

Now I am looking into other options in finding funds to buy more properties, but since I am not on an employer payroll I believe will make it harder to find a loan and wanted to ask for your OoInIoms.

I am having trouble funding a tiny home on a resort in Fl.