Sign On
- $50,000 to $1 million loan amount
- No lender closing costs
- No escrow, title policy, or appraisal fees
- Rate lock without fees
Great For
- Small business owners seeking to refinance a Wells Fargo mortgage on their commercial property for a lower rate or a longer term
- Small business owners wanting to refinance a non-Wells Fargo mortgage, including a maturing or private party loan for owner-occupied property
- Customers with an established Wells Fargo business checking or savings account who are interested in cash-out for property improvements or business expense. The loan would be part of the refinance of an existing Wells Fargo owner-occupied mortgage
Other Features
- Cash out up to $500,000
- Competitive rates – fixed or prime-based adjustable
- Wide variety of term options
- Rate and fee match assurance so you are confident with the offer you are provided
Fees
Annual fee. None
Early closure fee for prime-based loans. $3,000 when closed within the first 3 years
Pre-payment fee for fixed rate loans. 3% of prepaid amount in years 1 through 3; zero thereafter
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)
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Generally accepted special purpose - Auto repair, auto body, or car wash
- Convenience store
- Dental or medical facility
- Funeral home, crematorium, or mortuary
- Gas station (no more than 10 years old)
- Health club or 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
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