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COMMERCIAL REAL ESTATE & FLORIDA BUSINESS LOANS

Maximize the opportunity for your business growth with a commercial business loan in Florida. Improve the efficiency of your business by purchasing the commercial property or real estate it needs. Commercial real estate loans also allow you to leverage equity to expand or remodel all while your business expands.

 

 

SPEAK WITH OUR COMMERCIAL REAL ESTATE & PROPERTY LOAN EXPERTS

Get in touch with one of our experts to learn about how a credit union commercial real estate loan can help you. Inquire about the commercial real estate loan process, get pre-qualified and find the commercial property that fits your business needs.

Two
Frank Gallo
Sr. Commercial Lending Officer
Serving local businesses in Broward, Palm Beach and Martin County area.
One
Robert Bonnet
Commercial Lending Officer 
Serving local businesses in Broward and Miami-Dade County area. 

We're Here To Help

Commercial Loan Properties in Florida

TFCU supports commercial real estate loans to a variety of property types in Florida. Determining which type of investment property best suits your business needs can help when it comes to the commercial real estate loan process. Check out the type of properties our members have invested in:

Multi-Family
TFCU BUSINESS LOAN FOR MULTI FAMILY HOMES

This can include:

  • apartment buildings
  • duplex
  • large residential buildings
Industrial
TFCU BUSINESS LOAN FOR INDUSTRIAL BUILDING

This can include:

  • warehouses
  • distribution centers 
  • manufacturing buildings
Office
TFCU BUSINESS LOAN FOR OFFICE BUILDING

This can include:

  • dental
  • medical
  • law offices
Retail
TFCU BUSINESS LOAN FOR RETAIL BUILDING

This can include:

  • storefronts
  • shopping plaza 
  • franchise locations

Do you know where you want to purchase a commercial loan property in Florida? Our commercial and real estate loans are supported in the following regions: Miami Dade County, Broward County, Palm Beach County, Lucie County and Martin County. 

Commercial Real Estate Mortgage Loan Rates

Making a good investment is our goal for you, compare our commercial real estate and property loan rates and calculate what the ideal loan type is best for your business needs. Tropical offers competitive, customized rates. Request a call back for today's rates. 

Request a call with a Business Loan Expert

Getting a Business Loan Should Not Feel Overwhelming

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No Application Fees

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No tangible tax on real estate closings
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No re-payment penalties

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15-year terms with a 25 amortization schedule

 

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Local lenders making local decisions
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Up to 85% financing on conventional owner-occupied loans

 

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Owner occupied and non-owner occupied loans available 

 

 
Credit Union Commercial Real Estate & Business Loan FAQs

Can I apply for a business checking account or commercial real estate loan online?

No. To better serve you for our business accounts and commercial real estate loans, a Tropical team member will guide you through the account open and/or application process.

What are the loan amounts for TFCU business and commercial real estate loans?
  • Commercial real estate loans max $3,000,000
  • Equipment loans max $1,000,000.00
  • Business loans min $50,000 / max $100,000.00 
How long does it take to fund business loans/commercial real estate from TFCU?  

Each business lending product is different as well as every member’s scenario. The time it takes close can be different for everyone, however below are the typical time frames TFCU aims for.

  • Business loans/ BLOC- under 30-days
  • Equipment loans- under 30-days
  • Commercial real estate loans- under 45-days
Do I have to be a member to apply for TFCU business products?

You do not have to be a member to apply for any TFCU business product. However, membership is required before loans can be funded and at the time of account opening for business checking accounts.

What Documents Should I Prepare When Applying for a Florida Commercial Real Estate Loan? 

Credit union commercial real estate loans are a big investment, which is why the proper documentation is required when applying. Here are some documents recommended to have prepared ahead of time in order to expedite the process.  

  • Personal Financial Statement
  • Business Debt Schedule
  • Past 3 years Business and Personal Tax Returns
  • Current year Business Financial Statements
  • Property Specific Income/Expense Information
  • Past Appraisals, or Environmental Reports
Why Should I Invest in Florida Commercial Property?

Investing in a Florida commercial loan property can add many benefits both personally and professionally. Here are common reasons why members have chosen a credit union commercial real estate loan.

  • Property acquisition
  • Improved cash flow
  • Investment portfolio diversification
  • Retirement income
  • Less volatile investment

Disclosure 

TFCU membership required with $5.00 minimum in business deposit account. All commercial loans are subject to credit approval. Must reside in a state within TFCU lending area. Maximum loan to value (LTV) based on purchase cost or appraised value, whichever is less.