STORE COMMERCIAL LOAN BROKERSPRE APPROVAL 1NewsletterHome
Commercial Equity Line of Credit


This unheard of, new commercial equity line of credit (Sits in first or second lien position) creates liquidity for owners never before known.  Commercial building owners have struggled for decades on how to effectively and economically tap their commercial property's equity. This is an outstanding solution to that problem.


Click here if more interested in fixed rate commercial second mortgage.

A commercial equity loan is a viable option to a traditional cash out refinance.  If your existing loan is solid, and you simply want access to your equity, why go through the expense and trouble of a traditional commercial refinance?

The process is highly simplified and does NOT require any upfront fees or third party fees that all other commercial loan programs demand.  No appraisal fee, no environmental report fee, no application fee, no title or escrow fees on this commercial equity loan.  Borrower literally has no cash into transaction.  Costs consist of 1% fee due at funding to Commercial Finance Advisor's and 1% to the funding bank (see attached fee agreement).  Both are received, at funding. 

Another major benefit of the equity line is the low documentation required.  No business or personal tax returns requested for owner occupants.  Lender typically just needs proof of insurance and a copy of your last mortgage payment.  For investors, you normally only need to provide copies of your Schedules E’s (last 2 years), proof of insurance, copy of leases and a copy of your last mortgage payment.  That’s it.  

Proof of no 3rd party fees - see an actual copy of Approval Letter.  

Commercial Equity Line Details:

  • Lines from $200,000 to $500,000 max.
  • Borrower need 700 + credit score
  • Prime + rate, starting at .5%.
  • Line sits in second lien position behind any lender/loan program.
  • Letter of Intent/preapproval within 72 Hours.
  • Closing typically takes 45 days.
  • Loan is structured under "evergreen" contract. Meaning loan goes on indefinitely as long as borrower stays current on monthly payment. 

Qualifying Parameters - What you need to know.

Commercial Second FAQ's 

Whatever your goal, whether it's to consolidate business debt, get cash to purchase another property, launch a new venture, or to take a long over due vacation, you can make it happen with a commercial equity line. 

Click here to get started or call 248 885-8797.

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BBB

Commercial Finance Advisors, Inc.
(248) 885-8797 Phone
(866) 337-3141 Fax
http://www.cfa-commercial.com/
261 E Maple Rd
Suite 13
Birmingham, Michigan 48009

 



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