Long-term Bank relationship? Credit Union or Community Bank

[Mike Makkar]

This topic has been discussed ad nauseam on the BP forums. But would like to hear experiences between Credit Unions and Community Banks on growing my real estate portfolio.

I have a local credit union willing to give a longer-term fixed commercial loan for a lower interest rate (1/2 point less on 15yr fixed). But some of the banks are able to make exceptions on the appraisal process and titling approaches that would reduce my upfront costs and make it more flexible to scale the business. I want to see if others have had similar experiences.