Private HELOC ( Home Equity Line of Credit) on commercial properties.
May 17, 2022 | Posted by: Alex Vinarski
If you need money, but can’t qualify for a mortgage with institutional lender I can arrange private mortgage of HELOC on your property. It can be a purchase or refinancing. Home Equity line of credit has slightly higher rate than regular mortgage, but it is much more convenient for many business owners. You only pay interest on money advanced to you, and it’s readvanceable. Mortgage based only on the equity in your property. No income verification required. Vancouver and lower mainland plus Victoria for HELOC. Regualar private mortgages all over BC, Canada. Not doing HELOC in US.
