Finance the perfect space for your business
Purchase or renovate commercial property with a commercial real estate loan from RCU.
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Good to know
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Expect the process to take time
Commercial real estate loans may be harder to qualify for and can take longer to approve than other business loans.
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Stay actively involved
The more actively involved you are with your loan officer, the smoother your process will move.
Learn how Trevor and Stephanie got their commercial building with help from RCU.
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Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Fund the property of your dreams
Let us help you invest in your next commercial real estate property.
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RCU commercial loans are only available on CA properties.
Forms
Commercial Real Estate Form
Member commercial real estate loan application
*You may bring all completed forms into any RCU branch or mail it to the following address:
Redwood Credit Union
Attn: Business Services
P.O. Box 6104
Santa Rosa, CA 95406-0104
Commercial Real Estate loan application
Ready to apply?
Schedule a 30-minute call with one of our Loan Officers to guide you through the application process.
Need help?
Whether you’re exploring your options or have questions before applying, our team is here to provide the information and support you need.
Eligibility
Eligibility
To qualify for membership, the businesses’ primary operation must be in Sonoma, Marin, San Francisco, Lake, Napa, Contra Costa or Solano County.
Required documents
Before getting started, we recommend gathering the necessary documents to complete your application. A list of the requirements can be found on our Business Loan Application Checklist.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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