Working Capital Loan | Credit Line on Investment Property

3 Options for Flexible Money

The $50,000 and $250,000 options are revolving lines of credit. You can pay it off and re-borrow. This may be a cost-effective alternative to credit cards or other short-term borrowing tool.

The $500,000 option is a term loan (not-revolving). $500,000 is funded at closing for a 10-year term.

$50,000

Prime + 6.5% interest rate, 6% upfront fees

Interest Only Revolver

1 year term

Unsecured

$250,000

Prime + 6% interest rate, 2.5% upfront fees

Interest Only Revolver

1 year term

Real Estate Secured

$500,000

Prime + 3% interest rate, 2.25% upfront fees

Amortizing Term Loan

10 Year Term

Real Estate Secured

To Qualify

Following the steps. If a guarantor would have a 680 or higher credit score continue to the second item. For the second item, either go with the $50,000 item or have adequate collateral. After that, please speak with us.

1. Credit

The minimum credit score is 680.

2. Collateral

$50,000 – WAIVED
$250,000 and $500,000 – Lien placed on commercial or residential investment property. May be second liens or first liens. The secured value not exceeding 85% LTV must cover the loan amount.

Example: Second lien on rental property

Example: Second lien on office property

3. Other

For existing clients we may already have sufficient information. New clients/Otherwise we must verify 10 or more properties owned in past 10 years and review satisfactory financial information: financials, debt schedule and tax returns.

4. Application

Submit a complete application.

More Information

These working capital loans may be used for general business purposes. Working capital loans can provide essential liquidity and the flexibility to navigate the unexpected. Use it to meet business needs. Maybe it is for funding deposits one month and covering short-term operation expenses like payroll, materials, and subcontractor payments the next month. Maybe you use it to fund property acquisition.

Builder Finance Inc. knows home building and residential investment. We understand how important it is to be able to borrow money that is flexible for different business needs as they come along – expectantly or unexpectedly. If you are looking for a working capital lender, speak with us. We understand working capital loans, business working capital loans, SBA working capital loans, operating capital loans, SBA for working capital, capital working loans and working capital for small business loans.

Advances

Term Loan ($500,000 option) Fully-funded at closing.

Revolvers ($50,000 and $250,000 options) Request funds at any time. They will be funded to your designated account within three business days. The only limitation is that we may limit fundings to no more than 2 times per month. You may repay funds at any time and may be processed on the next business day for purposes of determining your interest payment.

Payments

Revolvers ($50,000 and $250,000 options) Payments during the term are interest only. So long as the outstanding balance is greater than $0, payments are required monthly.

Term Loan ($500,000 option) Pay interest and amortization monthly based on 10-year amortization.

Speak with a loan representative about renewal / refinance options. Note that for secured products, additional upfront costs include but are not limited to appraisal costs and cost of recording liens. Upfront fees are due and payable at closing of the loan and may not be financed.

Working Capital

Working capital loans for your real estate or construction business.