Line of Credit
Ready cash when you need it. The benefits of a bank line of credit with the advantages of a private money loan
The Stonecrest Difference
No Minimum Usage Requirements
Only pay for what you use
A truly revolving line of credit
Up to $10 million available
Private Equity Line of Credit Benefits
A remarkably flexible tool for accessing the cash you need, when you need it. Whether adding to your real estate portfolio, funding repairs & upgrades, or starting a business, a line of credit should be part of your toolkit.
A Revolving Line With Uncommon Flexibility
You can draw funds up to the limit at any time. And even if you pay the balance to zero, the line of credit stays open and you can continue to draw from it. This gives you fast, reliable access to cash for a variety of needs for the life of the credit line.
$10 Million Available for Your Large Scale Projects
You’d be hard pressed to find another private money line of credit at that level. With that kind of flexibility, a line of credit is useful for funding a wide set of initiatives: real estate investments, development, and even a business start up. It’s really up to you; the sky’s the limit!
Only Pay for What You Use
All the benefits of a bank line of credit with the advantages of a private money loan: No minimum usage limits, no early closure fees or prepayment penalties, and you only pay interest on what you use.
Collateralize Multiple Properties
Stonecrest’s Private Money Line of Credit (LOC) can be secured against multiple properties. And what’s more, the properties don’t even need to be in the same class. We can secure a LOC, for instance, against two properties where one is commercial and one is residential. Our LOC is fast, flexible funding that is there when you need it!
Terms
Line Amount:
Up to $10 million
Loan Term:
1 to 3 Year
Success Stories
A Line of Credit is an incredibly powerful tool for borrowers in many different situations. When you need to move fast and skip the red tape of conventional financial institutions, our Line of Credit may be just the thing you need.
Critical Building Repairs
The Goal: Our borrower owns an 18 unit apartment building in Napa, CA, which had been badly mismanaged by their son-in-law for 20+ years. Maintenance had been neglected, and the property was almost entirely vacant. Our client needed $2 million to get the property refurbished and producing income again.
The Challenge: Banks would not refinance the property due to the condition of the building.
The Solution: Stonecrest provided a line of credit for the $2 million,secured against the subject property and the additional real estate they owned, giving the client the money and the time to refurbish the building, stabilize the rental income, and qualify for bank refinancing so they could retire the Stonecrest debt.
Electric Bike Shop
The Goal: Our borrower, Charlie, wanted to expand their new and rapidly-growing electric bike business to a second location.
The Challenge: They needed cash to finance the new location, but the business had only a short history of revenue, so a traditional bank loan was not an option.
The Solution: Stonecrest was able to deliver a line of credit for the cash they needed, secured against the couple’s home. And the electric bikes got the boost they needed!
Consumer Product Start Up
The Goal: A successful dentist started a company featuring a line of organic oral care products. He needed $5 million in capital to fund inventory to deliver to a national grocery chain who wanted to carry his products.
The Challenge: He couldn’t borrow from a bank because he did not have at least one year of profitability, in spite of 3 years with strong revenue growth and purchase order from a major retailer.
The Solution: Stonecrest assessed the business and determined that the risk profile was acceptable. We were able to provide a line of credit on the Dentist’s personal residence to produce the required capital.
