Local Credit Unions are a great source of favorable financing for Apartments and CRE

[AJ Wong]

We're seeing very favorable local financing with credit unions throughout Oregon in recent weeks and months. 

Several of our out of state investor clients are securing very healthy terms on CRE including apartment complexes and industrial warehouse spaces with as little as 25% down and rates currently ranging from 5.5-%-6.75% on 25 year amortizations.

Terms on these property types have fallen considerably in the pst 1-2 months where earlier in the summer interest rates would have been above 7%-8%. 

Often, local lenders will offer additional incentives if the business banking relationship is established. The improved ROI has helped several transactions move forward.

What do you think, is now a good time for CRE investment?

[Robert Rixer]

Thanks for the post. This is the kind of insight that makes this forum so valuable.