What is a CELOC in real estate?

What is a CELOC?

In real estate, CELOC stands for Commercial Equity Line of Credit. It is a type of financing that allows property owners to access the equity in their commercial property as a flexible line of credit. Much like a home equity line of credit (HELOC) for residential property owners, a CELOC provides a revolving credit line that can be drawn on, repaid, and then drawn on again, up to a certain limit and within a set period. This type of credit is often used for property improvements, expansions, purchasing additional properties, or covering operating expenses, providing commercial property owners with a flexible financial tool to manage their investments.

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