When it comes to commercial mortgage financing, low rates are only the beginning. As one of the few local lenders that provide commercial mortgages for both owner-occupied and investment properties with no prepayment penalties, HVFCU can meet the borrowing needs of both businesses looking to move and real estate investors.
Low Rates and Fast, Local Decisions
- We offer some of the lowest fixed rates in the market and make all our decisions locally, so when you’re ready to move on an opportunity you can be confident your lender is too.
No Pre-payment Penalties
- Amortize your 15-year commercial mortgage over a term of up to 25 years, or repay it sooner as your cash flow allows. At HVFCU, there are no pre-payment penalties.
Owner-occupied and Investment Property Financing
- We build commercial mortgage options that fit your business goals. HVFCU is one of the few local lenders that offer financing for the purchase or refinance of owner-occupied as well as investment properties.
Applying for a Loan
All of our business loans are processed by our Business Services Department. If you have any questions or request additional information please email us or stop by any one of local branches. If you are ready to submit your loan application, please submit our Business Loan Application , along with the required information listed, to your nearest branch.
To assist with the loan process, please refer to our Business Loan Checklist when applying for a loan.
SBA 504 Loans
All businesses, including those businesses that have been in operation for less than two years, may qualify for a loan through the United States Small Business Administration. Working with Certified Development Companies throughout the Hudson Valley, HVFCU can process loans through the SBA 504 Loan Program. This program is designed to help growing businesses acquire fixed assets including land, buildings or equipment to help expand their business operations and create new jobs. Under this program, HVFCU lends 50% of the project cost, SBA lends 35-40% of the project cost, and the borrowing business provides the remaining 10-15% of the project cost.