Commercial Real Estate

About Commercial Real Estate Finance

Our Loan Program
At One Nevada Credit Union, we have designed our commercial real estate lending programs to provide our members with features and benefits that exceed those offered by the traditional lending institutions.

Our Service Area
One Nevada Credit Union has branches that are located in Las Vegas and Reno. This provides us with the opportunity to provide commercial real estate financing in both southern and northern Nevada.

Portfolio Lending
Unlike traditional lenders, we originate, underwrite, process and service our loans for our own portfolio.

Loan Purpose
Our lending programs apply to the purchase of commercial real estate or the refinance of commercial property. Lending decisions are based on the understanding of each member’s financial needs, the financial analysis of the collateral securing each loan and the financial strength of the guarantors.

Borrower and Guarantors
The borrowing entity may be an individual, a corporation, a limited liability company (LLC), a general partnership or a trust. We will require that the principals also provide their personal guarantee on the loan.

Lending Programs

One Nevada Credit Union has designed its lending programs to provide financing for the following properties:

  • Apartment
  • Office
  • Industrial
  • Retail
  • Self Storage
  • Manufacturing
  • Flex Space
  • Single Use
  • Single Purpose
  • Owner Occupied
  • Investment Property
  • Multi-Family**
  • Other Types (on a case by case basis)

Financial Information
A current financial statement and a minimum of two years of tax returns to include K1s on each borrower/guarantor. If the borrower is a business entity, please provide a copy of the articles of incorporation/partnership and operating agreement or copy of the trust agreement.

Property Information
We will need a minimum of two years of income and expense statements, a current rent roll, copy of all leases and a copy of the fire insurance policy on the subject property.

Third Party Reports
The following third party reports will be required to complete the loan request, obtain loan approval and fund the loan. The borrower will pay for the following items:

  • MAI Appraisal
  • Phase I Environmental Report
  • Escrow and Title
  • UCC Search and Recording
  • Flood Search/ Flood Insurance (if required)
  • Credit Reports

**A and B class multi-family properties are preferred.

Loan Features & Benefits

Loan Size
One Nevada Credit Union offers commercial real estate loans from $1∼5 million.

Interest Rates
We offer both fixed and variable interest rates that are extremely competitive.

Loan Maturities
Loans are written with 1-year to 10-year maturities.

We offer loan amortization of 15-years to 30-years.

Loan to Value
The Credit Union will loan up to 80% of the appraised value or the purchase price, whichever is less.

Reserve Requirements
Under certain circumstances, we may waive reserve accounts for taxes, insurance or maintenance contingencies as part of our loan requirements.

Our loans are assumable by a qualified buyer of the commercial property. To assume a loan, the applicant must qualify as a member of One Nevada Credit Union and meet our underwriting requirements.


When you’re ready to sit down with an experienced local lender, call Michael Zufelt at (702) 948-5339 or email