A credit union is a financial institution that is owned and controlled by its members, rather than by shareholders. This means that credit unions are able to offer competitive rates and personalized service to their members, which can be a great advantage for commercial real estate investors.
Credit unions also have a strong focus on community involvement and supporting local businesses, making them a great option for commercial real estate investors who want to support their local economy.
In addition to competitive rates and personalized service, credit unions also offer a range of financing options for commercial real estate investors. These options include:
Permanent, long-term loans: Credit unions can provide financing for the purchase or refinancing of a commercial property.
Construction loans: Credit unions can provide financing for the construction of a new commercial property or the renovation of an existing property.
Some credit unions offer flexible prepayment options which can allow the investor to sell or refinance with little to no penalty.
Find the right commercial real estate financing with StackSource by getting instantly matched to the best credit unions for your project from our nationwide network of capital sources. Our expert Capital Advisors help you secure your ideal capital stack, resulting in a lower cost of capital for your investments in less time and with more transparency than a traditional commercial mortgage brokerage.