| Borrower | Multifamily investor |
| Property | 16 units |
| Location | Florida |
| Request | ~$1.33M refinance of a recent purchase |
| Product | Credit-union commercial mortgage |
The terms (as quoted;)
- 6.71% all-in (5-year Treasury + 1.75%, 6.50% floor)
- 5-year fixed, 25-year amortization
- Up to 75% of the lower of value or cost
- Lender fee about 0.29%
- Prepayment penalty only if refinanced with another lender
- No financial covenants; deposit relationship required
What this means for you
Credit unions are overlooked for small commercial loans. For a stabilized building, they can beat both bridge and agency pricing.
In a similar spot? Get soft numbers on your deal
Anonymized; amounts may be rounded. Terms as issued by the lender.