Commercial Equity Line of Credit

 

Bottom-line, this commercial equity

line of credit creates liquidity for borrowers.  Commercial building owners have struggled for decades on how to effectively and economically liqudate their property's equity. This is an outstanding solution to that problem.

Note this program is no longer available.

The commercial equity loan is very similar to better known residential lines.  Borrowers receive a check book and line card to draw capital out when they choose to.  Because the line is secured against commercial real estate, the rates are strong.   

(Note we have a fixed rate program for small commercial loans ($50,000 - $500,000)
 

Commercial Equity Line Details:

• Lines from $50,000 to $500,000 max.
• Borrower needs 700 + credit score
• Prime +, starting at .75%.
• Owner occupied or investment properties
• 1% bank fee.
• Letter of Intent/preapproval within 72 Hours.
• Closing typically takes 45 days.
• Funding source is a top 20 bank in the nation.
• MAX loan to value is 70%
• Loan is structured under "evergreen" contract. Meaning loan goes on indefinitely as long as borrower stays current on monthly payment. 

Commercial equity loan FAQ's