Summary
Whether you are “building-out” space for a new office location or simply improving your current office, we offer a leasehold construction / build-out line of credit to fund the cost of improvements. The Line of Credit allows the borrower to draw funds for a specific period-of-time (the “draw period”). At the end of the draw period, the loan balance is amortized over an agreed number of years.
Loan Features
- Up to 100% financing.
- Interest only period during build-out.
- Flexible loan terms up to 10 years.
- No Pre-payment penalty options available
Borrower
- Minimum Fico 700 (Exceptions apply based on specific situations)
Other Details
- Fixed, competitive interest rates