Can one get a HELOC type loan on a commercial property ?

Member since 2018 · 15 posts · 1 vote

Hi All,

If a person has equity OR owns a commercial property , can they get a loan on the same ? I know one can get a HELOC loan and leverage equity in a house. I am wondering if something similar exists for a commercial property as well.

All thoughts and suggestions welcome.

Thanks,

Piku

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Ashish AcharyaBusiness Member
CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
7y
Originally posted by @Piku Nanda:

Hi All,
If a person has equity OR owns a commercial property , can they get a loan on the same ? I know one can get a HELOC loan and leverage equity in a house. I am wondering if something similar exists for a commercial property as well.
All thoughts and suggestions welcome.
Thanks,
Piku
Yes, it’s just called Just the line of credit.
You need to start building relationships with the bank though.
You can actually bundle many Properties and use equity in each to get LOC. Each bank works differently but the concept is the same.
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Michele B.
Vandalia, MI · Member since 2018 · 569 posts · 264 votes
7y
You can do a cash out loan or a line of credit
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