Assiniboine Credit Union (ACU) Commercial Mortgages
no fixed amount
Loan
Description:
ACU offers financing through its commercial mortgages to purchase, expand or renovate real estate for private enterprises, construction projects, and other eligible commercial properties.
Comments on Funding:
Funding takes the form of a commercial mortgage, with the following options:
1. Flexible amortization for eligible properties;
2. Choose from competitive variable or fixed interest rates:
a) A variable interest rate offers repayment flexibility. Pay off their principal balance whenever they want without any pre-payment penalty.
b) A fixed interest rate offers predictable payment amounts and allows them to make optional pre-payments to pay down their commercial mortgage faster.
Rolling deadline
Eligibility:
Applicants must be:
1. commercial real estate developers;
2. Assiniboine Credit Union (ACU) members.
Application Steps:
Use ACU’s appointment booking tool to find a branch and time that works for them.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
