About:
- Line amount from $25,000 – $500,000.
- Qualification based on investable assets.
- Rate as low as prime + 1.5% available.
- 5-year interest only payment followed by a 10-year principal and interest repayment.
Deposit Requirement:
To qualify for a Boutique Line of Credit you must maintain an average minimum monthly balance of $25,000 in a personal checking or savings account.
Click to schedule an appointment with a Senior Relationship Banker about a Boutique Line of Credit.
**Variable rate tied to prime, can adjust monthly. Floor rate 7.00% and a maximum of 18%. $25,00 minimum, $500,000 maximum. 5-year draw period with a 10 year re-payment for a total of 180 months. Interest only payment during draw period. >710 credit with no bankruptcy, foreclosures, or judgments or for last 5 years. $300 annual fee. 1% origination charge, minimum $250.