Apply Online          

Welcome
to TMC Lending!
 Your source for consumer information  

 

FHA Loan

Construction/Perm

Interest Only Mortgage


Commercial Loans

   
Real Estate Investor


Refinance


Loan Modification

Commercial Real Estate Line of Credit

A commercial real estate line of credit is open to the business owner and commercial real estate investor. The commercial real estate  line of credit is flexible and is an tremendous tool. The commercial real estate line of credit is a practical alternative to a pricey commercial cash out refinance as the lender pays almost all costs of the transaction except for of a commercial real estate line of credit origination fee ranging from 1-1.5%. NO COMMERCIAL APPRAISAL FEES! No environmental fees. Nothing. The commercial real estate line of credit needs very moderate supporting documentation. No business or personal tax returns when owner occupied, just commercial insurance and your last mortgage statement. For commercial real estate investors, your last two years of Schedule E and your leases. The commercial real estate line of credit is in effect stated income stated asset and just requires an uncomplicated 2 page application. The commercial real estate line of credit is truthfully the most useful new product for commercial real estate in years. Email commercial line of credit questions

The commercial real estate line of credit can be originated as a fixed rate second mortgage or a commercial real estate line of credit tied to the Prime Rate.

Commercial real estate line of credit, 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 fixed rate second loan

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

Eligible property types:

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

The following 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 FAQ on the product

I have a flyer with additional 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

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.

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 both here on this website or by email subscription. I have nearly 8,000 email subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.