Commercial Real Estate, commonly known as CRE, is a commercial lending practice where the source of repayment for the loan is derived from the rental income of an investment property. With a team of dedicated, ‘boots on the ground’ lenders, Univest has extensive experience in CRE lending. This can range from a 5-unit apartment building to a several hundred-unit multi-family complex, or a single tenant retail location to a large regional power center. Market segments we work with include multi-family apartments, retail, industrial, office, mixed use and residential sub-divisions.
Univest offers financing for the acquisition of new investment properties or refinance of existing properties with maturing debt. We also offer construction loans for new projects, major additions to existing properties or significant renovations. We have in-house experts specializing in residential sub-divisions, providing land acquisition, site development and home construction financing.
Why consider Univest?
One of fundamentals at Univest is “Invest in Relationships,” as such, we take time to analyze each project to understand what the client’s needs are and develop a customized financial solution to meet those needs. There is no one-size-fits-all approach to CRE lending. In my experience, the best referral source is a satisfied client.
At Univest, decisions are made locally by credit approvers who understand the market. Typical deals range in size from $1 million to $30 million with terms up to 10 years. On select projects, we have been successful taking advantage of the current low interest rate environment and offering fixed rates on construction and renovation loans prior to completion when these loans would have historically had floating rates, thereby eliminating interest rate risk.
Our clients are typically professional real estate investors with experience in development and management of commercial properties. However, we have specialists to assist clients on smaller 1-4 family or mixed-use projects.
Univest Bank and Trust Co. is an Equal Housing, Opportunity and SBA Preferred Lender