Commercial Mortgages
Owned and operated
Whether you want to purchase a new space for your business, refinance an existing loan, or finance a new investment property, SECU has the commercial mortgage to suit you and your business. Our in-market business relationship officers and Maryland-based credit team will work with you to understand your specific commercial real estate loan needs.
Take control of your workspace, become your own landlord, and invest in your business through a SECU commercial real estate loan.
Benefits
- Tax advantages
Deduct interest on a commercial real estate loan or other building-related expenses and investments. - Monthly mortgage stability
Budget better with stable monthly mortgage costs instead of variable rent costs. - Asset diversification
Commercial real estate is an asset, helping to diversify your business holdings.
Highlights
- Purchase or refinance commercial property
- Competitive rates
- Finance up to 80% of the property value (determined by real estate classification)
- Wide variety of terms – Amortizations up to 25 years and maturities of up to 15 years
- Secured with owner-occupied commercial real estate
- Cash out options available
Requirements
- Must be a SECU member to qualify
- Business must be under current ownership for at least 24 consecutive months
- Key owners, defined as any individual with at least 20% ownership in the business, need to provide personal guaranty
- Must present business legal structure documents
- Minimum of two years business and personal federal tax returns (complete with all schedules and attachments)
- Interim income statement and balance sheet if more than 90 days past fiscal year end
Create a new stream of passive income by investing in real estate, whether financing a new property or starting a renovation.
Benefits
- Passive income source
Enjoy monthly rental payments, long term income security, and protection against inflation. - Grow your portfolio
Real estate offers a stable investment to diversify your portfolio. - Good ROI
Realize great returns on your investment as your property increases in value over time.
Highlights
- Competitive rates
- Finance up to 75% of the property value (determined by real estate classification)
- Wide variety of terms – Amortizations up to 25 years and maturities of up to 15 years
- Secured with non-owner occupied commercial real estate
- Cash out options available
Requirements
- Must be a SECU member to qualify
- Property must be fully stabilized
- Key owners, defined by any individual with at least 20% ownership in the business, may need to provide personal guaranty
- Must present all appropriate business legal structure documents
- Minimum of two years business and personal federal tax returns (complete with all schedules and attachments)
- Most recent two years of property financial statements
- Current rent roll
- Leases for all tenants
- Purchase contract or letter of intent
There is a minimum loan amount of $250,000, a maximum loan of $5,000,000, and a maximum 80% Loan-to-Value (LTV). Maximum 80% to Loan to Value on OOCRE to be determined by underwriting. Owner(s) must occupy at least 51% or more of the property. The primary source of repayment must be dependent on the cash flow generated by the business. Some restrictions may apply. Appraisals must be ordered by SECU. Members should consult a tax adviser for further information regarding the deductibility of interest and charges.
**There is a minimum loan amount of $250,000, a maximum loan of $5,000,000, and a maximum 75% Loan-to-Value (LTV). Maximum 75% loan to value on IRE to be determined by underwriting. The primary source of repayment must be dependent on the cash flow generated by the business. Some restrictions may apply. Appraisals must be ordered by SECU.
Ask us about our commercial mortgage loans for medical professionals and physicians
Expand your business and gain long-term security with SECU’s medical professional business loans.
- Variety of loan terms and amortization schedules
- Interest only options
- Expedited options available for appraisals
- Discounted rates with auto-debit
- 90 day rate lock option available
Seriously simple business banking
With checking and savings options, powerful digital tools, personal advisors, and better rates, banking with SECU is easy, personal, and works for your business.
