Commercial Real Estate Loans
Buy or refinance a commercial property in Oklahoma with low rate and flexible terms.
Why Choose WEOKIE for Your Commercial Real Estate Loan?
WEOKIE is your direct source for long-term, permanent commercial real estate financing in Oklahoma. We offer loans for owner-occupied and non-owner-occupied property types such as office, retail, industrial, mini-storage, multi-family and mixed-use.
Loans for purchase and refinance, including cash-out
Competitive rates
Flexible amortizations up to 30 years
Up to 80% LTV on all improved property
Down payments start at 20%
Easy and quick application process
Plus, we offer local Oklahoma servicing and expert guidance so you can get the right commercial real estate loan to achieve your goals.
Benefits of WEOKIE Commercial Loans
As a not-for-profit financial cooperative, our earnings are returned to our members in the form of better rates, lower fees, and the best quality products and services. We offer financing for long-term, permanent commercial real estate loans, whether it’s for your own business or investment and owner-occupied or non-owner-occupied.
Low Rates
We can offer our members better interest rates so more of your payment goes to the principal.
Extended Amortization
Our commercial loans are amortized for up to 30 years to suit your budget.
Fewer Fees
Pay no upfront application or processing fees and no prepayment penalty fee.
Purchase or Refinance
Make a new purchase or refinance your existing commercial loan with a cash-out option.
Up to 80% LTV
As low as 20% equity on refinances or purchases.
Easy, Fast Application
Our loan process is simple, and we make quick decisions so you can take the next steps.
Low rates, affordable payments
As a not-for-profit financial cooperative, our earnings are returned to our members in the form of better rates, lower fees, and the best quality products and services. WEOKIE offers competitive interest rates. And for well-qualified buyers, up to 30-year amortization with no prepayment penalty. This longer amortization allows you to pay less every month, preserving cash flow for your business.
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Amortization
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15 Year
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20 Year
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25 Year
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30 Year
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|---|---|---|---|---|
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Monthly Payment
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$8,439
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$7,164
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$6,443
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$5,996
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Best for cash flow
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Monthly Payment Amounts based on $1,000,000 Loan Amount
"We opened a commercial account with Ariel at the Midwest City branch. We are new in town and starting a new business. She was so helpful every step of the way. Her communication skills are excellent. She follows up with her clients. She is very welcoming when you meet her in person. I highly recommend asking for her if you’re looking at opening an account at this location. She went over and beyond for us. Thank you Ariel for your guidance, professionalism and awesome customer service."
Sharon W.
Ready to take the next step?
Let’s grow your real estate portfolio.
Contact our Commercial Loan Department to discuss your options.
Local expertise for local businesses
When you join WEOKIE Federal Credit Union, you become a part-owner and join our community of more than 60,000 members in the Oklahoma City area. We've been serving our membership since 1969 and we'd love to serve you!
If you're looking for a commercial loan, our experienced team offers local, Oklahoma decision-making and in-house underwriting and servicing. Our loan process is streamlined for your convenience, and we'll take the time to understand your unique needs.
Let WEOKIE know when you're ready to buy or refinance a commercial property.
Commercial Real Estate FAQs
WEOKIE does not charge application fees on its commercial loan products.
Yes, your personal finances will be included in our overall underwriting review for your loan.
Yes, we can provide nonprofit businesses, subject to credit qualifications.
Communication regarding your loan status will be through the loan officer.
Because there are many variations and options when it comes to commercial loans, the loan application process can vary widely.
The time from loan request to the loan decision varies, depending on the complexity of the request. We recommend you contact us to discuss the time frame for the approval process.
To apply for a loan please contact a commercial loan officer.
Commercial loan application requirements can vary depending on the complexity of the request. However, as a general guideline, the loan application package will typically include financial statements of the business, tax returns for the guarantor and the business (as applicable) and a personal financial statement.
Our Commercial Loan Officers take many factors into consideration when determining your commercial loan rate, including collateral, financial standing and desired loan terms. Because many variables are involved in setting the proper rate, discussing your situation with a Commercial Loan Officer is the best way to begin determining the rate and terms that may fit your needs and situation. To get started, contact a Commercial Loan Officer.
Commercial loans through WEOKIE carry no prepayment penalties.