When it comes to commercial real estate lending, SESLOC Credit Union has continually supported growth in our communities. Thanks to the over 55,000 member-owners of SESLOC, money stays in Central California with the intention of People Helping People.
To help even more projects get off the ground, we’re expanding our lending territory for commercial real estate loans. In addition to serving our home area of San Luis Obispo and Northern Santa Barbara counties, commercial real estate loans are now available to an expanded field of membership, including those in:
- Santa Cruz County
- Monterey County
- Santa Barbara County – Now the Entire County
- Ventura County
- Kern County
- Tulare County
- Fresno County
- Kings County
Although this expansion became effective as of April 1, 2024, making the move now is part of a thoughtful and steady growth plan over decades of thoughtful expansion. Our decisions are always based on what’s best for member-owners and the areas we serve.
SESLOC is now proud to help commercial real estate owners and developers who:
- Own a property in all the counties we serve
- Need to refinance due to a rate increase on their existing loan
- Are facing a loan maturity
- Need a new bank or banker because the previous one no longer exists due to a merger
- Are acquiring property in any of these counties
Some of the benefits of working directly with SESLOC Credit Union include:
- Single loans up to $10 million
- Zero prepayment penalties, which provides you flexibility for those who want to sell or refinance if rates drop dramatically
- Property types include apartments, retail, office, light industrial, and hotels
As always, you will work with our dedicated team of experienced loan officers as the point of contact from start to finish throughout the loan process.
We are excited to offer new avenues for developing commercial real estate across Coastal and Central California. Connect with our business lending team today to learn more about how we can make your plans go from blueprints to building.