Commercial Lines of Credit (CELOC) Can Keep Your Business Afloat!

Commercial property owners know all to well the stress of managing multiple payments on multiple commercial properties. It's called cash flow and every successful business needs a good source of it. If you own commercial real estate you may not have to look any further than the commercial property that you own for a good source of cash flow.

The commercial line of credit is just like a home equity line of credit on your home as the CELOC is attached to the property that it is secured by. You are approved for up to $500k and you may access as it is needed. You can use the line of credit as a rainy day fund, make improvements to the property or even use it to purchase another property. That's up to you.

The commercial lines of credit that we offer go up to $500,000 and offer stated income/stated asset documentation although a rent roll is required for investment properties. On investment properties the banks really want to know that the property is producing income. They are ideal for the small business owners, self employed and real estate investors.

There are no up front fees including no appraisal fee so run, don't walk to get your line of credit in process. As any commercial real estate investor will tell you, appraisals are not cheap on most commercial mortgages. They are quite expensive and you always have to pay them upfront so this is a great offer. On the line of credit the closing costs are minimal and they are collected at closing so they will be paid out of your loan proceeds. Did you hear me right? No upfront fees. It's unheard of in the world of commercial real estate.

Tap into the equity that you have right in front of you. Put it to work for your business.

Sandra Sheely is President of First Financial Mortgage, Inc. in Sunrise, FL. She has been in the Real Estate Industry for 12 years with experience in the mortgage industry and title industry. She has two Mortgage websites. http://www.ffinancialmortgage.com and http://www.lowestraterefi.com She also has a credit repair website at http://firstfinancial.fixcreditbiz.com/