The Commercial Credit Line Mortgage

THE COMMERCIAL

Credit Line Mortgage

A Line of Credit Designed for Commercial Properties.

Up to $250K Available.

Flexible Financing for the

Commercial Property Owner

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.

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

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