THE COMMERCIAL

Credit Line Mortgage

A Line of Credit Designed for Commercial Properties.

Up to $250K Available.

THE COMMERCIAL

CREDIT LINE    MORTGAGE

Up to $250K​

Prime + 3%

Interest Only Payments

No Monthly or Annual Fees

$500K - $4 Million

4.75% - 5.95%

1- 5 Year Terms / 25 Year Amort

Up to 75% Loan to Value

Flexible Financing for the Commercial Property Owner:

Purchase and Refinance

The Commercial Credit Line Mortgage gives you access to the Equity in your

Commercial Property for all of your business needs and gives you the

Freedom & Flexibility to use it when you want, how you want.

You Choose the Credit Line and Mortgage Amount.

Your Terms. Your Business. Your Way.

 

Industrial &

Commercial Buildings

Mixed Use &

Apartment Buildings

Commercial Plazas &

Shopping Centres

WHAT IS IT?

  • Commercial Mortgage that combines a Line of Credit and Term Loan

  • Credit Line Mortgage Amounts from $500K to 4 Million

  • Designed For Store Front Apartments, Mixed Use, and Multi-Unit Residential Properties

  • Specialize in Owner - Occupied Properties

  • Offered by Canadian Bank with Competitive Rates

  • Pre-Approval can be provided within 48 hours​

  • No Personal Tax Information Required

  • Both Credit Line & Mortgage Under One Charge.

  • Funds can be used to:

    • Pay-Off Private Mortgages

    • For Lease Hold Improvements

    • Renovations and Expansions  

    • Purchase Additional Properties

MORTGAGE TERMS:

  • Loans from $500,000 to $2.5 Million

  • Rates range from 4.75% to 5.95% APR

  • 1, 3, and 5 Year Terms Available

  • 25 Year Amortization

  • Up to 75% Loan to Value 

CREDIT LINE TERMS

  • Up to $250,000

  • Prime + 3% 

  • Interest Only Payments

  • No Monthly or Annual Fees

FINE PRINT:

  • Choose Between Fixed and Variable Rates 

  • Up to 90% LTV Vendor Take Back Mortgage Permitted

  • 10% Annual Pre-Payment Privilege

  • No Gas Stations, Mechanic Shops, or Dry Cleaners

  • Processing Fees Between 1 to 2%

  • Must be in 1st Mortgage Position

DOCUMENTS REQUIRED:

  • Credit Line Mortgage Application

  • Property: Holding Company Articles

  • Property: Current Rent Roll

  • Property: 2 Yrs Financial Statements

  • Applicant(s): Copy of I.D

NO PERSONAL TAX INFORMATION REQUIRED

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SafeBridgeFinancial.com

Broker License #10524

B: (416) 466-5858

F: (416) 466-5855

M: (416) 879-7777

12-25 Scarsdale Road

Toronto, ON. 

M3B 2R2

© 2020 West Liberty Financial | Apostolos Sigalas, Broker #M08005291