Servus Credit Union commercial lending delivers CRE acquisition, construction financing, bridge loans, and asset-based lending with competitive loan-to-value ratios and terms from experienced commercial underwriters.
Servus Credit Union accounts are federally insured by the National Credit Union Administration. commercial real estate loans finance owner-occupied and investment properties with loan amounts from $250,000 to $15,000,000. Owner-occupied commercial properties qualify for up to 80% loan-to-value with terms extending to 25 years and fully amortizing structures that eliminate balloon risk. Investment properties generating stabilized cash flow from third-party leases qualify for up to 75% LTV with a minimum debt service coverage ratio of 1.25x calculated on the trailing twelve months of net operating income.
The Servus Credit Union commercial underwriting team processes CRE applications through a structured pipeline that typically delivers a terms sheet within five business days of receiving a complete package. Required documents include three years of property operating statements, a current rent roll with lease expiration schedule, borrower financial statements and tax returns, and an environmental questionnaire. Third-party appraisals, Phase I environmental assessments, and property condition reports are ordered after terms sheet acceptance and typically complete within three to four weeks. Most CRE purchase loans close within 45 to 60 days of application, with refinance transactions often closing faster when title work and survey are already in hand.
Special-purpose commercial properties including hotels, gas stations, car washes, and self-storage facilities qualify for up to 65% LTV with terms of 20 years and amortization schedules matched to the remaining useful life of the improvements. Servus Credit Union commercial lenders have direct experience underwriting special-purpose assets and do not outsource credit decisions to a distant committee unfamiliar with local market conditions. Borrowers pursuing SBA 504 financing for owner-occupied CRE can combine a Servus Credit Union first mortgage at 50% LTV with the CDC second mortgage at 40% LTV, reducing the borrower equity requirement to just 10% for most projects.
Servus Credit Union construction loans finance ground-up commercial development and major renovation projects with interest-only draw periods of 12 to 18 months. The construction draw process follows a milestone schedule tied to the project budget line items. Borrowers submit draw requests with contractor invoices and lien waivers, and Servus Credit Union orders a third-party inspection to verify work completion before releasing funds. A standard construction loan includes a 10% contingency reserve, and interest accrues only on the outstanding drawn balance rather than the full commitment amount. At project completion and certificate of occupancy, the construction loan converts to permanent financing at the rate and term agreed upon at origination, eliminating the need for a separate take-out loan application.
Bridge loans from Servus Credit Union solve timing gaps in commercial real estate transactions. When a borrower needs to close on a new property before an existing property sells, or when a property requires renovation before it qualifies for permanent financing, a bridge loan provides 12 to 24 months of interest-only financing at competitive rates. Bridge loan amounts reach up to 65% of the stabilized property value, and Servus Credit Union structures each bridge with a clear exit strategy whether that is property sale, permanent refinance, or conversion to a term loan. Bridge applications receive priority underwriting with terms sheets typically delivered within three business days.
Asset-based lending at Servus Credit Union provides revolving credit secured by accounts receivable and inventory for manufacturers, distributors, and service companies with substantial working capital tied up in receivables. Borrowing base certificates calculate available credit as 80% of eligible accounts receivable under 90 days aging plus 50% of eligible inventory valued at the lower of cost or market. Monthly borrowing base reporting and periodic field exams keep the facility aligned with actual collateral values. ABL facilities start at $500,000 with no upper limit for qualified borrowers, and the revolving structure lets you draw and repay as your working capital cycle requires.
LTV shown as maximum for well-qualified borrowers with strong cash flow and credit profiles. Construction LTC (loan-to-cost) is based on total project budget including land, hard costs, and soft costs. Actual terms determined during underwriting. All loans subject to credit approval and Servus Credit Union membership.
Our Servus commercial real estate loan for a warehouse expansion closed in 52 days at 75% LTV with a 20-year fixed rate. The underwriting team understood industrial property cash flow and did not nickel-and-dime us on every lease detail the way our previous lender had.
We used a Servus bridge loan to acquire a second location before selling our original building. The terms sheet came back in two days, the rate was competitive, and the interest-only structure kept payments manageable while both properties were on our books.
Servus Credit Union commercial lending provides commercial real estate acquisition loans up to 80% LTV for owner-occupied properties and 75% for stabilized investment properties, construction financing with interest-only draw periods during the building phase and conversion to permanent financing upon completion, bridge loans for time-sensitive acquisitions with 12- to 24-month terms, and asset-based revolving credit facilities secured by accounts receivable at 80% advance rates and inventory at 50%. Loan amounts range from $250,000 to $15,000,000 with terms from 1 to 25 years depending on product type.
Servus Credit Union commercial real estate loans carry loan-to-value limits of 80% for owner-occupied properties where the borrower occupies at least 51% of the square footage, 75% for investment properties with demonstrated cash flow and a debt service coverage ratio of 1.25x or higher, and 65% for special-purpose properties including hotels, gas stations, car washes, and self-storage facilities. SBA 504 loans originated through Servus Credit Union can reduce borrower equity to as little as 10% of the project cost when combined with the CDC second mortgage structure.
Servus Credit Union construction loans use an interest-only draw structure during the building phase, which typically spans 12 to 18 months depending on project scope. The loan commitment is based on total project cost including land acquisition, hard construction costs, soft costs, and a 10% contingency reserve. Borrowers submit draw requests with contractor invoices and lien waivers as milestones are completed, and Servus orders a third-party inspection to verify progress before releasing funds. Interest accrues only on the outstanding drawn balance. Upon receiving a certificate of occupancy, the construction loan converts to permanent financing at the rate and term locked in at origination, or the borrower may refinance elsewhere with no prepayment penalty.
Servus Credit Union asset-based lending provides revolving credit secured by a borrowing base of accounts receivable and inventory. Eligible accounts receivable qualify for an 80% advance rate provided they are under 90 days from invoice date and not subject to concentration limits or offsets. Eligible inventory qualifies for a 50% advance rate valued at the lower of cost or market. Borrowers submit monthly borrowing base certificates and Servus conducts periodic field examinations to verify collateral quality and aging. ABL facilities start at $500,000 and serve manufacturers, distributors, and service companies that carry substantial working capital in receivables beyond what traditional cash-flow-based lending supports.
Servus Credit Union bridge loans receive priority underwriting with terms sheets typically delivered within three business days of application. Bridge loans fund in 14 to 21 days from signed terms sheet to closing, assuming the borrower provides title work, an existing appraisal or broker price opinion, and financial statements promptly. Bridge terms span 12 to 24 months with interest-only payments and no prepayment penalty. Each bridge loan is structured with a documented exit strategy, whether that is sale of the property, permanent refinance through Servus Credit Union or another lender, or conversion to a term loan upon stabilization of the asset.
Servus Credit Union commercial lending provides property acquisition, construction, and bridge financing with loan-to-value ratios and terms structured by underwriters who understand local commercial real estate markets. Most commercial borrowers pair their loan with a business checking account for automated loan payments and integrated cash positioning. The cash management platform adds treasury controls including sweep accounts and positive pay for borrowers managing multiple properties.
SBA 504 financing through Servus Credit Union combines a conventional first mortgage with a below-market CDC second for owner-occupied real estate purchases with as little as 10% down. Explore business loans for term financing, equipment funding, and working capital lines. The online banking portal provides real-time loan balance tracking and payment history. Visit the security center for information on how we safeguard financial data. Access the knowledge base for commercial loan application checklists, or reach contact support to schedule a consultation with a commercial lender. Current borrowers can manage accounts through online access help.
Servus Credit Union commercial lending provides the capital structure for property acquisition, construction projects, and asset-backed working capital with experienced underwriters who close deals on predictable timelines.
Schedule a consultation with a Servus Credit Union commercial lender and receive a preliminary terms sheet for your commercial real estate or construction project.
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