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Commercial Equity Line of Credit

Commercial Equity Line of Credit details
  • $50,000 to $500,000 credit line
  • No application fee; no appraisal fee
  • 1% origination fee, maximum $5,000
  • Up to 75% loan to value

Great For

  • Funding property improvements
  • Purchasing property or large equipment
  • Expanding your business

Other Features

  • Low closing costs
  • Competitive rates
  • Rate and fee match assurance so you are confident with the offer you are provided

Fees

Annual fee. Waived the first year, then 0.25% of the line amount during the 5-year draw period (with a minimum of $250 and maximum of $1,000)

Early closure fee. $3,000 if closed within the first 3 years

Eligible Property Types

  • Office
  • Retail
  • Warehouse
  • Light industrial
  • Mixed-use
  • Multi-family (5+ units)
  • Commercial Condo (first lien position only)
  • Special purpose (first lien position only)


      Generally accepted special purpose

    • Auto repair
    • Convenience store
    • Convalescent home
    • Health club or gym
    • Assisted living facility
    • Gas station (<10 years old)
    • Self-storage
    • Daycare or preschool
    • Nursery
    • Theater
Call us at 1-866-631-7443 Mon – Fri: 6:00am – 6:00pm PT