Union Bank® wants you to achieve your dream of purchasing or refinancing owner-occupied commercial real estate by providing special relationship pricing.
What is Relationship Pricing?
Relationship Pricing is our way of saying we value you by offering savings and benefits based on your overall financial picture and client loyalty to Union Bank. These benefits are designed around the ways you save, spend, and borrow with us.
OOCRE loan amount: $750,000
Loan Structure: 10 year term/25 year amortization
Standard Rate: 3.58%
Relationship Rate with $100,000 in deposits: 3.38%
Let’s plan your next business achievement today
Call us at 1-888-246-9382. Monday to Friday, 9:00 a.m. to 5:00 p.m. PT (excluding federal holidays).
What is an Owner-Occupied Commercial Real Estate Loan?
Owner-Occupied Commercial Real Estate (OOCRE) loans are provided to business owners to help secure financing for the acquisition of a building, the refinancing of an existing property, or for making improvements to an existing property. In order to qualify for this special type of financing, you must occupy 51% or more of your building. A variety of OOCRE types can qualify such as Office (Office Buildings and/or Office Condos), Industrial (Including warehouses and manufacturing facilities), Medical and Retail.
The Benefits of OOCRE Loans
Potentially increases your equity and your net worth
Property ownership may come with tax benefits. Consult with your tax advisor
Often your mortgage payment is lower than your rent
Ability to remodel
Freedom to redesign your office without obtaining permission
Eliminate rent fluctuations and stabilize expenses
No raises in rent with fixed financing options
Potential rental income
The ability to lease a portion of your building to tenants