08/27/2026
🏠 NEW BUSINESS-PURPOSE HELOC PROGRAM — NOW AVAILABLE
Locked into a first mortgage rate you don’t want to give up?
You shouldn’t necessarily have to refinance your entire mortgage just because you need additional capital for your business.
We’ve officially launched a standalone Business-Purpose HELOC that may allow qualifying property owners to access available equity while leaving an existing first mortgage untouched on eligible subordinate-lien transactions.
This can be especially valuable for owners who purchased or refinanced when first-mortgage rates were lower.
🔑 CORE PROGRAM FEATURES
✔ 1st, 2nd & eligible 3rd-lien options
✔ Fixed-rate standalone financing options
✔ Full approved amount available upfront
✔ Ability to redraw eligible available funds as principal is repaid
✔ 10-, 15-, 20- & 30-year terms
✔ No-appraisal options available on qualifying transactions up to $400K
✔ Digital title processing
✔ eNotary closing options where available
✔ No standard borrower prepayment penalty
✔ Potential closing in as little as several business days for qualifying files
🏡 PRIMARY RESIDENCES
Owner-occupied properties provide the broadest qualification range.
◆ FICO: approximately 600–850, depending on loan amount, lien position, CLTV and underwriting tier
◆ Up to 85% CLTV on qualifying scenarios
◆ 1st, 2nd and eligible 3rd-lien structures
◆ HELOC amounts generally $25,000–$750,000 for qualified applicants
A primary residence can be used as collateral even though the proceeds must be for a legitimate business purpose.
🏘️ NON-OWNER-OCCUPIED / INVESTMENT PROPERTIES
Investment properties can also qualify, but underwriting is more conservative.
◆ FICO: generally 680–850
◆ Up to 80% CLTV on qualifying first-lien transactions
◆ Generally up to 70% CLTV on qualifying subordinate-lien transactions
◆ 1st or 2nd lien positions
◆ Single-family rentals, condos, townhomes/PUDs and eligible 2–4 unit residential properties may qualify
Secondary/vacation homes may also be eligible subject to the applicable credit, CLTV, lien-position and state guidelines.
💼 WHAT CAN THE MONEY BE USED FOR?
This is business-purpose financing, so proceeds can potentially be used for things such as:
◆ Working capital
◆ Business expansion
◆ Inventory or equipment
◆ Payroll or marketing
◆ Business debt consolidation
◆ Business acquisitions
◆ Real estate investment
◆ Launching or expanding a business
⚡ GET A PREQUALIFICATION DECISION IN LESS THAN 15 MINUTES
Want to know whether a property appears to fit?
Answer a few short questions through our secure online application and receive an initial prequalification decision on each individual property in less than 15 minutes in many cases.
👉 Apply Here:
https://businessheloc.tcwcapitalfinance.com/
If you have multiple properties you want evaluated, submit each property separately.
🤝 DO YOU WANT TO BROKER THIS PRODUCT?
We pay participating broker/affiliate partners up to 2 points on eligible funded transactions.
Our new Business-Purpose HELOC Broker Affiliate Portal is launching next week and will provide partners with their own referral tracking and submission process.
If you have a scenario right now, email it to:
📧 [email protected]
🔓 Access the equity. Keep the first mortgage you already have. Put trapped property equity to work for your business.