Commercial Secured Line Of Credit

  

 

*Commercial Secured Line of Credit is available for loans up to $1,500,000, secured by a multi-family (5 units or more) or certain mixed use properties, located in New Jersey. The lien securing the line of credit shall only be subordinate to a first lien held by Boiling Springs Savings Bank. The line of credit is available with a 5 year initial term and monthly payments are interest only. The rate is the Prime Rate published in the Wall Street Journal, plus 1.00%. The offer is subject to credit approval. Other restrictions may apply. Boiling Springs and/or its agency is not responsible for typographical errors.