PHOENIX — While other lenders are pulling back in a tough real estate market, Desert Schools Federal Credit Union said it is moving forward with providing loans to either finance or refinance commercial property including professional offices, retail, warehouse, and industrial-zoned buildings.
"We're in a great position to finance commercial real estate loans because we have not been severely impacted by high delinquency rates," said Mark Olague, assistant vice president of business lending at $3 billion Desert Schools FCU.
The commercial real estate properties the credit union is willing to finance or refinance can be located in Maricopa, Pinal, or Gila counties in Arizona.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
