TFCU is a not-for-profit, member-owned financial institution that exists to serve its members. We will provide them with exceptional value and service by hiring action-oriented people who share our passion for business and our goal of exceptional member service. We will ensure our success by improving continuously, never being satisfied with the status quo and never slowing down.
Finance commercial real estate purchases or refinances. If you want to purchase a shopping center, office building, medical condominium, or any type of commercial real estate, TFCU can provide you with a commercial mortgage with flexible terms. This loan is similar to a residential mortgage, except the collateral is a commercial building, not a residential property.
- Maximum loan: $5,000,000
- 5 year balloon – up to 25 year loan amortization
- 10 year balloon – up to 25 year loan amortization
- 15 year balloon – up to 25 year loan amortization
- To purchase the premises of a business, in order to “own rather than rent.”
- For an addition/extension to an existing business site.
- To use the full or partial proceeds for further business investment, which could include: other needed properties for the business, equipment, or long-term increases in working capital.
- To develop a commercial property in a variety of other manners.