Commercial Equity Loan
Commercial equity loan products are available to the small business owner or commercial property investor. Commercial equity loan products are flexible and can be an excellent financial tool. Commercial equity loan products are a viable alternative to an expensive commercial cash out refinance as the lender pays for almost everything with the exception of a commercial equity loan origination fee ranging from 1-1.5%. NO COMMERCIAL APPRAISAL FEES! No environmental fees. Nothing. Commercial equity loan products require very little 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 loan products are essentially stated income stated asset and only requires a simple 2 page application. Commercial equity loan products are truly the most useful new product to be available on commercial property in years. Email commercial equity loan questions
Commercial equity loan products can be set up as a fixed rate second mortgage or as a line of credit tied to the Prime Rate.
Commercial equity loan, Prime Rate based
Commercial equity loan fixed rate second loan
Fixed periods from 5 to 15 years amortized up to 30 years
Eligible building types:
The following are eligible for 60% combined loan to value
I have included an Commercial Equity Loan FAQ on the product
I have a Commercial equity loan flyer with more information
I also offer reduced documentation business equipment leasing
Read my new lock or float daily blog to see where rates are going
As a Certified Commercial Loans 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.