According to the Federal Reserve Senior Loan Officer Survey, more than 80 % of domestic banks surveyed in the fourth quarter of 2008 indicated that they were tightening lending
standards on commercial real estate loans.
NAR PULSE — REALTORS ® Federal Credit Union, a Division of Northwest Federal Credit Union, is offering special low rates
on commercial real estate loans with up to 25 years amortization and no pre-payment penalty to Credit Union members.
At the same time, appraisers would be hurt because their licensed services would no longer be
needed on commercial real estate loans for less than $ 400,000 — often including small businesses, warehouses, rental housing and farms.
Look for any other stipulations the lender might have added; i.e.,
on a commercial real estate loan, a lender may require you to pay and complete a building inspection to receive funds.
Protective's Goals: In 2018 Protective expects to commit approximately $ 1.3 Billion
on commercial real estate loans.