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Commercial Real Estate Equity Loan

Use the equity in your property to get financing

Get funding in one lump sum

Skip the fees

No origination or appraisal fees, and no escrow, title policy, or lender closing costs

Competitive rates

Fixed and Prime-based adjustable rates with a variety of term options, amortizing up to 25 years

Rate lock without fees

Free 90-day rate lock so you can be confident of your rate

Rate and fee match assurance

Get $200 if we can't match a written competitor offer on rate and fee combination

Additional information

  • $50,000 to $1,000,000 loan amount for your first lien
  • $50,000 to $500,000 for your second lien
  • Up to 75% loan-to-value
  • Open to small business owners and real estate investors
  • Equity loans distribute funds in one lump sum and are typically used for a single business-related event.

Eligible properties

To qualify for a Commercial Real Estate Equity Loan, you must have an eligible property type, such as:

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

Generally accepted special purpose

  • Auto repair/auto body/car wash
  • Convenience store
  • Dental or medical facility
  • Funeral home/crematorium/mortuary
  • Gas station (up to 10 years old)
  • Health club/gym
  • Ice or roller skating rink
  • Movie theater
  • Parking garage
  • Refrigerated warehouse
  • Restaurant
  • School (non-public, daycare, or preschool)
  • Self-storage facility
  • Skilled nursing or assisted living facility

Frequently asked questions

Application process

Who is a commercial real estate equity loan good for?

Small business owners and real estate investors who want to borrow against the equity in their property, to benefit from funding in one lump sum to finance business expansion, equipment upgrades, and property improvements.

How do I apply?

Get started here to have a Commercial Real Estate consultant contact you. You will be contacted by phone no later than the next business day.

What information will I need when I apply?

Information about each individual, the business entity (if any), and real estate specific information will be needed at application, such as contact information, tax payer identification or social security number, business information (start date and type), and information about your property (property type, usage, etc.).

If the property is owned by individuals, all owners must be represented on the application.  For property owned by a business entity, all owners who have 25% or more ownership must apply, and a minimum of 51% of the business ownership must be represented on the application.  At the time of application, applicants will be provided a checklist of required documentation for each individual and the business.

What happens after I apply?

After you complete the application and submit the required financial documents, an underwriter will provide a lending decision. If your application is conditionally approved (approved, pending outstanding items such as appraisal, insurance validation, etc.), a Wells Fargo Commercial Real Estate Consultant will contact you to discuss financing options and help guide you through the loan process. If your application is not approved, you will be sent a letter within 10 to 15 business days with an explanation.

Is property insurance required?

As a part of the application process, we will verify that you have standard property insurance. If the property is located in a flood zone, flood insurance may be required to obtain credit.

Interest rate and fees

How is the interest rate determined?

Your interest rate will be determined as a part of our approval process and will be based on several factors, including your personal credit history, the loan amount, term selected, property type, and lien position.

Interest rates on loans can be either fixed or Prime-based. Once all required financial documents are completed and received, your rate locks for 90 days.

What is the definition of Prime Rate?

In general, most Wells Fargo loans use the Wells Fargo Prime Rate as a base rate. The Wells Fargo Prime Rate is similar to (but not always the same as) the prime rate quoted in the Markets section of The Wall Street Journal website.

What happens when I’m conditionally approved?

Upon a conditional approval, a $1,000 deposit is required when you accept the offer and select the term for your loan.

If the loan transaction closes, the deposit will be credited toward any applicable fees, and any unused portion will be refunded upon booking. The deposit will not be refunded if the loan transaction does not close.

Is there an early closure or pre-payment fee?

  • Prime-based loans have an early closure fee if the loan is closed within the first three (3) years.
    • Loans with an initial funded amount up to $1 million will assess a $3,000 early closure fee.
    • Loans with an initial funded amount over $1 million will assess a $10,000 early closure fee.
  • Fixed interest rate loans have a pre-payment fee of 3% of principal amount prepaid in years 1 through 3; zero percent thereafter.

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Visit the commercial real estate home page to explore other products.

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