Please Call Paul Meyer (248) 886-4743 to Discuss Credit Union Loans in Michigan
Credit Unions are Community-Focused and Invest in Michigan Real Estate
Bristol Capital has a unique correspondent relationship with a select number of Michigan Credit Unions through a special a special Credit Union Service Organization (CUSO). Credit Unions are a viable alternative to traditional banks, and they are actively seeking quality real estate loans.
Credit Union's are there in times of bank uncertainty. Refinance existing bank loan or use to acquire real estate.
Types of Real Estate Include:
- Commercial real estate
- Apartments and Multifamily Properties
- Retail Shopping Centers
- Office Properties
- Industrial and Distribution Facilities
- Self-Storage Facilities
- Manufactured Housing
- Hotels
Both Investment and owner-user properties qualify.
Typical Loan Terms:
- 5 to 10 Years
- 75% to 80% LTV
- Current Rates in 6.5% range
- Reasonable Cost Typically 45 days to close
- Typically, no pre-payment penalty
- Less red tape
- Quick, timely close