Owner Occupied Commercial Real Estate

For a limited time, get a low 2.74% fixed rate* on a commercial real estate loan for the first 12 months, with a competitive market rate after that.

Are you ready to stop paying rent? Now is a good time to become your own landlord and invest in your business with a SECU Commercial Real Estate loan.

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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 2 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

Investment Real Estate Loan

For a limited time, get a low 3.74% fixed rate** on an investment real estate loan for the first 12 months, with a competitive market rate after that.

There is no better time to invest in real estate. SECU can help. Finance or refinance a property for investment purposes or to get into the renovation business.

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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 2 years Business and Personal Federal Tax Returns (complete with all schedules and attachments)
  • Most recent 2 years of property financial statements
  • Current Rent Roll
  • Leases for all tenants
  • Purchase contract or Letter of Intent

*Introductory rate is a fixed rate of 2.74% for 12 months. Offer is valid on qualified loan applications received between February 1, 2022 and June 30, 2022 and loan must book by September 30, 2022. There is a minimum loan amount of $250,000, a maximum loan of $5,000,000, and a maximum 80% Loan-to-Value (LTV). Applies only to new loans and not refinance of existing SECU loans. Owner must occupy 51% or more of the property. Construction loans and real estate lines of credit are not eligible. The introductory rate requires a direct loan payment from a SECU account. After the intro rate, your APR will be based on current market rates. The minimum APR that can apply is 2.99%. 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. This offer may not be combined with any other offer. SBA 504 loans are eligible. Six year prepayment penalty applies. Member should consult a tax adviser for further information regarding the deductibility of interest and charges.

**Introductory rate is a fixed rate of 3.74% for 12 months. Offer is valid on qualified loan applications received between February 1, 2022 and June 30, 2022 and loan must book by September 30, 2022. There is a minimum loan amount of $250,000, a maximum loan of $5,000,000, and a maximum 75% Loan-to-Value (LTV). Applies only to new loans and not refinance of existing SECU loans. Construction loans and real estate lines of credit are not eligible. The introductory rate requires a direct loan payment from a SECU account. After the intro rate, your APR will be based on current market rates. The minimum APR that can apply is 2.99%. 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. This offer may not be combined with any other offer. SBA 504 loans are eligible. Six year prepayment penalty applies.