To continue enjoying all the features of Navy Federal Online, please use a compatible browser. Confirm your browser capability.

Real Estate Loans to Help Your Business Grow

Looking to purchase, renovate or refinance a commercial property? Whether you’re launching a small business or expanding a larger company, we can help make it happen.

  • Flexible payment options
  • Convenient terms
  • Funding for many property types

Commercial Real Estate Loan Options to Fit Your Needs

Navy Federal offers a variety of loan types. From growing your operations through a new workspace to broadening your business portfolio with investment properties, our commercial real estate loans can help you expand your business footprint and add to your assets.

Features

  • Uses: For purchases, refinancing or renovation
  • Rates: Fixed- and variable-rate options available
  • Terms: Standard 5-year term, 20-year amortization
  • Prepayment penalties: None
  • Fees: Fees applyFootnote [1]

Best For

  • Businesses: All business types and sizes
  • Property Types:
    • Commercial real estate (classified as either owner-occupied or investment property)Footnote [2]
    • Residential investmentFootnote [3]
    • Mixed use

What You'll Need to Apply

  • Sales contract (purchase)
  • Lease agreement(s) (investment property)
  • Rent Roll(s) (investment property)
  • Renovation estimates for materials and labor (renovation)
  • Personal guarantee
  • Personal credit check
  • Additional documentation may be required

Ready to Apply?

To be eligible for Business Solutions offerings like commercial real estate loans, business owners must first be members of Navy Federal Credit Union.

Already a Navy Federal member, but not yet a business member?

Join Today to become a Navy Federal Business Solutions member.

Already a business member and ready to apply for a commercial real estate loan?

Call 1-877-418-1462, Mon.–Fri., 9 am to 5 pm ET, to request to be connected with a business lending representative to start the process.

Call Now

 

Frequently Asked Questions

A commercial real estate loan can be used to purchase owner-occupied commercial real estate, investment properties, mixed-use properties and property renovations.

We require that:

  • your business has a Navy Federal business membership prior to applying for the loan. To be eligible for a business membership, all owners must be current Navy Federal members in good standing.
  • your business is located within the 50 US states and the District of Columbia.
  • you agree to personally guarantee the loan.
  • you receive credit approval.
    NOTE:  All applications are subject to credit approval. Our evaluation may include a review of information about your business, individual owner(s) and/or guarantor(s) or any combination of these. Your interest rate is risk-based and is determined by the factors listed below.
    • Credit scores
    • Income
    • Debt
    • Other credit report factors
    • Loan-to-value ratio (when applicable)
    • Other factors related to the overall financial picture that could affect your ability to repay the loan

For more information on factors that may affect approval or rates, see our article on What Lenders Look For in a Loan Application.

The loan amount is based on the loan-to-value (LTV) ratio—the percent of property’s value you can borrow—which will vary depending upon the purpose of the loan. Most often, the maximum is 80%, although there are cases where under certain conditions, it could be different. Loan payments are based on the loan amount, term, interest rate and amortization.

Yes. Typically, a down payment of 20% or more is required. The percentage is based on the appraised value or purchase price of the property, whichever is lower.

In general, a standard commercial real estate loan term is 5 years with a longer amortization period.

No. In general, a minimum down payment of 20% or more is required. The percentage is based on the appraised value or purchase price of the property, whichever is lower.

For a commercial real estate loan, rates are customized based the creditworthiness of the borrower, loan amount and term, property type and location, and market conditions.

Disclosures

1

Fees may include: appraisal, environmental study, origination fee, document preparation, title, pest inspection, attorney fees, other applicable fees.

↵
2

Commercial property loans require occupation of the financed property by the borrower for a business purpose. Investment property loans require third-party, as opposed to owner, occupation of the financed property. Loan to value: up to 80% for owner-occupied purchase or refinance; up to 75% for investment; up to 65% for renovation to the property.

↵
3

Loan to value: up to 75% for purchase or refinance; up to 65% for renovation to the property. Preapprovals not available.

↵