BHCU Business Loans

Business Loans


Commercial Real Estate Loans

Mortgages for member owned commercial real estate properties either owner occupied or for investment purposes. Office, flex, multi-family, retail and other income producing property. Flexible terms and competitive rates designed specifically for your needs.

Commercial Real Estate Loans

  • No application fees.
  • Loans up to $1,000,000.
  • 1% Origination Fee, borrower must pay all third party costs including appraisal, title, recording charges and document prep.
  • Low Fixed or Variable Rates (see rate sheet for current start rates)
  • Max 25 year amortization. Max fixed rate period is 15 years. Floating rate is Prime + margin.
  • Max LTV 80% (70% refi cash out).
  • Senior liens only.
  • PA, NJ, DE, MD only

Commercial Term Loans and Lines of Credit


Term loans are lump-sum disbursements that are paid back over a specified period of time.  Term loans may be used to finance equipment, machinery, business use vehicles or other special projects that require capital commitments.  Or have the flexibility of an available line of credit whenever you need it to help manage your cash flow.

Business Lines of Credit

  • Revolving Lines of Credit ranging from $10,000 to $100,000.
  • No application fee.
  • Low variable rates
  • Access via check, or on-line.
  • Option to be used as overdraft protection when linked to a BHCU Business checking account.

 Business Term Loans

  • No application fee.
  • Unsecured loans to $50,000. Secured up to $500,000.
  • Up to 10 year terms (7 years for vehicles).

Low Fixed Rates (see rate sheet for current rates).

 

To learn more about Business Loans contact our relationship manager:
Tom Halliday at (302) 354-3424 ([email protected])

 

 

Residential Investment Property Loans


Mortgages for non-owner occupied, residential real estate properties (1 to 4 family) held by the member for purposes of investment and rental income. (Excludes apartment complexes and multi-family properties consisting of 5 or more units. Such properties will be considered Commercial Real Estate.)

Residential Investment Property Loans

  • No application fees.
  • 1% Origination Fee, borrower must pay all third party costs including appraisal, title, recording charges and document prep.
  • Low Fixed or Variable Rates (see rate sheet for current start rates)
  • Max 30 year amortization. Max fixed rate period is 15 years. Floating rate is Prime + margin.
  • Max LTV 80% (70% refi cash out).       Renovation projects – max 75% initial advance against as-is value, hold back for renovation expenses, disbursed in progress payments subject to max “as complete” LTV of 80%.
  • Senior liens only.
  • PA, NJ, DE, MD only

 

Routing Number: 231385701

Your Delaware County Credit Union

501 Industrial Highway Ridley Park, PA 19078    |     1810 Wilmington Pike, Ste 15 Glen Mills, PA 19342

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Federally Insured by NCUA

 

 

 

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