Commercial Real Estate Loans
Is your business bursting out of its current office space? Or maybe you’ve decided that it’s time to scale back your operation. Whatever move you’re looking to make, Kitsap Credit Union can help you finance the space you need.
Traditional Commercial Real Estate Loan
Become the landlord of your business with a Traditional Commercial Real Estate Loan.
- Financing available for nonprofit, owner-occupied, non-owner occupied, and investment properties.
- Competitive, fixed rates.
- A variety of terms available.
- Amortization up to 30 years.
Commercial Real Estate Secured Line of Credit
Tap into your property's equity to finance renovations and expansions with a Commercial Real Estate Secured Line of Credit.
- Secured using the equity of your commercial real estate.
- Financing available for nonprofit, owner-occupied, non-owner occupied, and investment properties.
- Competitive, variable rates.
- Low closing costs.
Commercial Construction Loan
Take on construction projects for apartments, office buildings, warehouses, or any type of commercial property. Whatever your construction project, we have the experience and expertise to structure credit financing to fit your project.
- Competitive, variable rate.
- Interest-only payments during construction.
- Term financing at completion of construction.
- Draw funds with ease.
Should You Buy Commercial Real Estate?
If you currently lease your company’s building(s), then becoming the owner can be a significant - and possibly intimidating - investment. Asking the following questions can help you make sure it's the right move:
- How do your current lease payments compare to the potential mortgage payments? Taking out a real estate loan can make your monthly cost more predictable and stable.
- How long do you foresee your business staying in this location? Typically seven years or more is the amount of time needed to make buying cost less than leasing.
- Does the property offer additional space for future expansions? It’s likely you could rent out extra space until your business needs it.
- Is the building specialized to your business or can you easily sell/lease it? A more adaptable building could have greater value down the road.
Start Your Application
Ready to apply or want to learn more about our Commercial Real Estate Loans? One of our Commercial Lending Officers would be happy to help:
- Kevin Thompson
- Commercial Lending Relationship Manager
- KThompson@KitsapCU.org
- (360) 662-2217
- NMLS #878050
- Bill Fogarty
- VP, Commercial Lending
- BFogarty@KitsapCU.org
- (360) 662-2217
- NMLS #1307521
- Megan Murphy
- Business Services Manager
- MMurphy@KitsapCU.org
- (360) 662-2217
- NMLS #1815677
- Frank Matulis
- Commercial Lending Relationship Manager
- FMatulis@KitsapCU.org
- (360) 662-2088
- NMLS #1456198
Not ready to apply or have questions?
We are here to help you every step of the way. Schedule a time that works for you.