San Diego-based Capital Line Commercial Financing has announced a new commercial loan refinance program for apartment complexes, office buildings, warehouses, commercial malls and industrial property.
The product is a 30-year fixed-rate loan for Class A borrowers. The maximum loan-to-value ratio is 65%, and interest rates range between 7% and 9%.
Properties must have existing revenue streams that will support the new loans, Capital Line, a commercial broker, says. The program's refinance requirements are for loans of $25 million up to $250 million.