Commercial Construction LOC
Seeking funds for construction and development?
Interested in owning your own business property?
Considering commercial property?
A Desert Schools Commercial Construction LOC delivers flexibility and purchase power for you to construct commercial and industrial buildings (owner/investor). And the variable rate and interest-only payments could equal less strain on your company's finances.
- No pre-payment penalties1
- Owner occupied2
- Competitive variable rate
- Interest-only payments with terms up to 18 months
- Interest is usually tax deductible3
- Free Online Banking and PAL
- Free eStatements and Alerts
Open to owners who operate as sole proprietorships, partnerships (including LLPs), LLCs, corporations, trusts and non-profit entities that have been in existence for three years. Start-up and business acquisition transactions are ineligible. Income verification may be required. Property must be located in Arizona. First lien position.
1Approximate 1% origination fee.
2Owner-occupied applies if the business member or affiliate occupies not less than 51% of the usable, net rentable space.
3Consult your tax adviser regarding your individual tax situation.