Line of Credit
Line of Credit California - LG54
Line of Credit California - LG54
Summary of all Guidelines | |
| Loan Types | Investment property Line of Credit |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | california |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $2,500,000 |
| General Pricing or Guideline info | A Persevere Lending Line of Credit can give you the flexibility and financing power you need to access capital strategically and efficiently in order capitalize on your investment opportunities. • $50,000 to $2,500,000 • Min. Draw: 5% of total credit line • Max. Draw: 20% of total credit line • Min. Draws per month: 1 • Max. Draws per month: 4 • Business days for draws to be processed: 5 • Draw Fee: $500 Line replenishment is only accepted and credited on the last of the month. Interest is charged on only total amount disbursed as of the 1st of every month. |
| Updated as of | 2022-01-01 |
| Program Code | LG54 |
A Persevere Lending Line of Credit can give you the flexibility and financing power you need to access capital strategically and efficiently in order capitalize on your investment opportunities.
• $50,000 to $2,500,000
• Min. Draw: 5% of total credit line
• Max. Draw: 20% of total credit line
• Min. Draws per month: 1
• Max. Draws per month: 4
• Business days for draws to be processed: 5
• Draw Fee: $500
Line replenishment is only accepted and credited on the last of the month. Interest is charged on only total amount disbursed as of the 1st of every month.
These descriptions are limited information and meant for general reference purposes.