I'm wondering which institutions are currently the best for a commercial building line of credit. Asset type is retail. I have calls to Chase, Wells and some smaller banks. Any specific lending institutions I should look at? I want to secure funds and not pull until I need to which is why I want to go the line of credit and not loan route.
I'm wondering which institutions are currently the best for a commercial building line of credit. Asset type is retail. I have calls to Chase, Wells and some smaller banks. Any specific lending institutions I should look at? I want to secure funds and not pull until I need to which is why I want to go the line of credit and not loan route.
Thanks.
What exactly are you looking to use the funds for?
Does this look like something you might be looking for:
Entrepreneur
• Building an Elite Organization Book and Journal (for up to 4 team members)
• Custom Deal analysis and valuation tools
• Tickets to annual AIIH event
• Express Closing (within 5 days for single family, within 10 for multifamily)
• One Time annual Underwrite
• One Close Loans
• Multifamily Debt placement
• $2.5MM Line of Credit, proof of funds letter, lower pricing, and greater leverage
Professional
All Entrepreneur Membership benefits plus…
• Dedicated Internal Operational Team
• Priority Transactional Review
• Elite Event Invitation with discounted rate
• Quarterly Training/ QA with DLP business unit Leaders
• Elite Execution System Ramp up Package
• $10MM Line of Credit, proof of funds letter, lower pricing, and greater leverage
Elite Impact
All Professional Membership benefits plus…
• Express Loans without holdback
• Impact JV Equity Opportunity
• A&D Funding
• $25MM Line of Credit, proof of funds letter, lower pricing, and greater leverage
• Greatest speed and flexibility for “out of the box” deals.
Let me know. These are all for short term loans, they aren't meant to "live" in. Get in, get your business done, then get out. It really is a great program for those looking to scale their business.
Real Estate Broker · Austin, TX · Member since 2012 · 1k+ posts · 1k+ votes
4y
@Shant Mahserejian your local banks are the way to go not the big banks. Credit unions are good too. If you were local to Austin Texas I would point you to a few.
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