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Refinance

Commercial equity line

Commercial equity line products are available to the small business owner or commercial property investor with substantial equity. Commercial equity line programs are flexible and can be an exceptional financial instrument. Commercial equity line products are a practical substitute to an expensive commercial cash out refinance as the lender pays for almost everything with the exception of a commercial equity line origination fee ranging from 1-1.5%. NO COMMERCIAL APPRAISAL FEES! No environmentl fees. Nothing. Commercial equity line products require very little supporting documentation. No business or personal tax returns when owner occupied, just insurance and a copy of your last mortgage payment. For commercial property investors, just the last two years of Schedule E and copy of your leases. Commercial equity line products are fundamentally stated income stated asset and only requires a simple 2 page application. Commercial equity line products are in fact the most helpful new product to be offered on commercial property in years. Email commercial equity line questions

Commercial equity line products can be originated as a fixed rate second mortgage or as an equity line of credit tied to the Prime Rate.

Commercial equity line, Prime Rate based

Line goes to $500,000
Currently as low as Prime plus .75
Preapproval within 72 hours
30 day close
Can be structured as an Evergreen Contract and will remain in place so long as you have no late payments.

Commercial equity line fixed rate second line

Fixed periods from 5 to 15 years amortized up to 30 years
Rates as low at 7.27%
Line goes to $500,000
Line is in second position behind your existing mortgage financing or can be used as a traditional first mortgage with no third party fees
Low documentation and absolutely no ongoing financial reporting
45 day close

Eligible building types:

The following property types are eligible for 75% on a fixed rate line or 70% on a combined loan to value
Office
Retail
Warehouse
Multi family with more than 5 units

The following property types are eligible for 60% combined loan to value
Assisted Living Facility
Auto Repair Shop
Daycare or Preschool
Gas stations less than 10 years old
Health Club
Mini Mart
Self Storage
Theaters

I have also included an Commercial Equity Line FAQ on the product

I have available a Commercial equity line flyer with more information

Here is the simple two page application. Please print on legal and fax or email to me.

I also offer reduced documentation business equipment leasing

I have an article "Buying your home in 2008" by email explaining negotiating strategy in today's market.

As a Certified Commercial Lines Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.

I hope the information on this page has been useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available either on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.