sascu CRE
this credit union commercial real estate lending in BC: purchase, refinance and development from $100,000.
Making Banking Work at Scale
- CRE loans start at $100,000 with terms up to 25 years.
- Rates start at 4.9% for SBA-equivalent owner-occupied buildings.
- Decisions arrive in 5 business days for standard files.
- A survey of 1,200 members confirms 87% finish transactions in under 2 minutes.
What sascu Finances
Purchase, refinance, improvement and construction loans for commercial buildings across BC.
Owner-occupied, investment and mixed-use buildings qualify, with appraisals, legal review and environmental due diligence managed in-house.
Rates and Terms
Rates start at 4.9% on owner-occupied files and are fixed or prime-linked.
Terms run 1-25 years against a 30-year amortization. Fees are 0.5% opening and 0.5% on renewal. This method does NOT apply to raw land speculation, which routes to the specialty desk.
| Type | Rate from | Term | LTV up to |
|---|---|---|---|
| Owner-occupied | 4.90% | 5-25 yrs | 75% |
| Investment | 5.30% | 5-20 yrs | 65% |
| Construction | 6.10% | 12-24 months | 60% |
| Refinance | 5.10% | 5-25 yrs | 70% |
Day-to-Day Servicing
Renewals, draws and payments are handled in the app, and a survey found 87% of transactions complete in under 2 minutes.
Draw requests on construction files are approved in one business day with the inspector's certificate.
The official methodology is detailed in the sascu overview.
Key facts at a glance
The practical numbers for this topic, and the one caveat to keep in view.
- Min loan: $100k.
- Terms: up to 25 yrs.
- Decision: 5 days.
This data does NOT cover business and institutional deposits, which price off a separate schedule. Originally we showed only the headline figures; member questions pushed the desk to publish the full methodology in the overview.
CRE underwriting checklist for SASCU
Commercial real estate files need a rent roll, two years of tax returns, a current triplex appraisal, and a DSCR above 1.25.
SASCU reviews light industrial, retail, and office assets across the Okanagan. The approval path typically runs 21 days. This route does NOT apply to vacant land or construction credits, which need a separate pre-development file. Rate spreads sit at 1.55% over prime for owner-occupied units, 1.90% for investment. Appraisals from 2023 onward are accepted as-is.
The official methodology is detailed in the sascu overview.
One more thing about Commercial Real Estate
What is the minimum CRE loan at this credit union?, answered plainly: Commercial real estate loans start at $100,000 and run up to $25 million..
Members ask about "What is the minimum CRE loan at the platform?" more than any other topic this quarter. The short answer: Commercial real estate loans start at $100,000 and run up to $25 million.. If you only remember one number, make it the headline figure above - every price on this page references it.
One practical note: review your own file before deciding, because the exact terms shift with the current rate window.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
If two pages decide this decision, the second one is the fee schedule: three lines determine 90% of the annual difference, and the routing number and support number belong in the same notebook on the same day.
We moved our company balance after the merger headache, and the sascu advisor made it painless.
The branch team knows my name and my business. That is the point of a credit union.