Quick guide to a highly underutilized program today to tap into equity quickly AND close in an LLC without touching the first mortgage.
This DSCR-based HELOC is built for real estate investors who want fast, flexible access to equity without dealing with income verification or personal tax returns. It’s a revolving second lien line of credit that’s underwritten strictly based on the property’s cash flow, NOT your personal income.
You can use it to purchase or refinance, pull cash out, and draw funds as needed. All loans are done in an LLC or entity name and are backed by a personal guarantee.
Loan Purpose: Refinance and get cash out of a property with a line of credit
Loan Terms: 5-, 10-, or 30-year options. All are interest-only with no balloon.
Loan Amounts: $100,000 to $500,000.
LTV Limits: Up to 70% for purchase or rate/term, 65% for cash-out.
DSCR Requirement: 1.00 minimum.
Closing Speed: 10–14 days.
Prepayment Penalty: None.
Draws: Minimum $1,000 per draw.
This HELOC is for real estate investors who: