We are still closing loans.   

Bottomline, this commercial equity line of credit creates liquidity for borrowers.  Commercial building owners have struggled for decades on how to effectively and economically liqudate their property's equity. This is an outstanding solution to that problem.

The commercial equity loan is very similar to better known residential lines.  Borrowers receive a check book and line card to draw capital out when they choose to.  Because the line is secured against commercial real estate, the rates are very strong. 

The underwriting process is simplified and does NOT require any third party fees that all other commercial loan programs demand.  No appraisal fee, no application fee, no title or escrow feeson this commercial equity loan.  Compared to the typical commercial bank loan, this saves borrowers approximately $5,000 or more.  Costs consist of a 2% bank fee due at funding of the line. 

Note we have a fixed rate program for small commercial loans (below $500,000) with no 3rd party fees.

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