US Financing?

JROC

Inspired Forum Member
REIN Member
May 27, 2008
50
12
8
South Surrey
#1
Hi,

I have a few rental properties in the USA with mortgages from US Banks. I am looking at refinancing or taking out a LOC on these rental properties. I have contacted the banks I am currently with (Arizona Bank, Washington Federal, BMO/Harris) and they said they would refinance at 50% LTV. 50% LTV doesn't give me a lot of equity to pull out, I was hoping to refinance at 70-80 LTV%. Does anyone in this forum have any experience with refinancing or getting a LOC from their rental properties in the USA with a US bank?

Thanks
 
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