Any regional bank or boutique bank’s in Chicago that would do a LOC on a 4unit Investment?

Do the math again (make sure to shop around for a bank with lower fees) and see if there is a solution to increases the value of it in a short time, so you can refinance it later after get a new appraisal after  rehabe....No deal is batter than a bad deal which will stress you out and not worthy of the time and $.  

But I think that is common with many owners that are institutional banks

Does anyone know of a bank that will do a HELOC on a non-owner occupied property in Hawaii?

So, I'm thinking of being the bank, and the collateral would be the property the borrower is buying. 

I would like to keep it as a rental because I have seven within two miles of it already, but worst case is I can put $5k-$8k in and flip it for $110k based on several comps from the area.My bank decided that they would rather not do another manufactured home loan currently so I am looking for other options. 

And remember, your "all in" price will ultimately be higher than 120k depending on how much work is needed.I would recommend talking to one or more mortgage brokers, or loan officers at banks you already have relationships with, as you may not have to do a 20% down conventional mortgage but may be able to do FHA or Conventional 97.

That worked in the jurisdiction and the circumstance in my situation.

You will have a very hard time refinancing with banks and finding good tenants.

"Frances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.