Rental Property Line of Credit
Our rental property line of credit allows you to access the equity in your investment properties without being tied down with a long-term loan or a loan with steep prepayment penalties. Use a line of credit against your rental property to make other investments without having to have your loan re-underwritten or paying additional closing costs. Don’t want to pay interest on money you aren’t using? No problem. Pay-down your line-of-credit and leave it open to ensure you have “dry-powder” when the next investment opportunity comes around.
PROPERTY TYPES: Commercial Real Estate including multi-family investment properties.
LENDING AREA: Nationwide except – CA, ND, DC, TN, & UT
LINE OF CREDIT SIZE: From $200,000 to $1,500,000
LOAN TERM: 2 Years
AMORTIZATION: Typically, Interest-only
INTEREST RATE: 5.99% – 7.99%
PREPAYMENT PENALTY : None
MINIMUM DRAW SIZE : $25,000
CLOSING TIME: 2 weeks or sooner
Have questions? Contact one of our Financial Consultants to discuss your unique requirements.
Call us at 1-888-812-0448