THE COMMERCIAL
CREDIT LINE MORTGAGE
Up to $250K​
Prime + 3%
Interest Only Payments
No Monthly or Annual Fees
$500K - $4 Million
3.75% - 5.95% APR
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.
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You Choose the Credit Line and Mortgage Amount.
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Your Terms. Your Business. Your Way.
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WHAT IS IT?
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Commercial Mortgage that combines a Line of Credit and Term Loan
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Credit Line Mortgage Amounts from $500K to 4 Million
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Designed For Store Front Apartments, Mixed Use, and Multi-Unit Residential Properties
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Specialize in Owner - Occupied Properties
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Offered by Canadian Bank with Competitive Rates
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Pre-Approval can be provided within 48 hours​
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No Personal Tax Information Required
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Both Credit Line & Mortgage Under One Charge.
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Funds can be used to:
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Pay-Off Private Mortgages
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For Lease Hold Improvements
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Renovations and Expansions
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Purchase Additional Properties
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MORTGAGE TERMS:
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Loans from $500,000 to $2.5 Million
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Rates range from 4.75% to 5.95% APR
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1, 3, and 5 Year Terms Available
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25 Year Amortization
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Up to 75% Loan to Value ​
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CREDIT LINE TERMS
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Up to $250,000
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Prime + 3%
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Interest Only Payments
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No Monthly or Annual Fees
FINE PRINT:​
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Choose Between Fixed and Variable Rates
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Up to 90% LTV Vendor Take Back Mortgage Permitted
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10% Annual Pre-Payment Privilege
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No Gas Stations, Mechanic Shops, or Dry Cleaners
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Processing Fees Between 1 to 2%
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Must be in 1st Mortgage Position
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DOCUMENTS REQUIRED:​
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Credit Line Mortgage Application
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Property: Holding Company Articles
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Property: Current Rent Roll
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Property: 2 Yrs Financial Statements
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Applicant(s): Copy of I.D
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NO PERSONAL TAX INFORMATION REQUIRED
