CU First Responders Finance - Important Announcements
We hope 2024 is off to a good start.
CU First Responders Finance (CUFR) is looking forward to sharing new
products and ideas with you this year.
2023 was strongly impacted by
escalating interest rates, economic uncertainties, inflation, political
discourse, remote workers, and changes in retail market dynamics. Then
lender liquidity concerns and declining property values contributed to
a slowdown in commercial real estate lending.
Despite the decrease in loan volume,
we find optimism in the industry’s resilience. Driven by historically
low interest rates for many years, the commercial real estate market
had a long run prior to 2023. As an old mentor wisely said, "what
goes up goes down quicker." A natural correction was to be
expected at some point.
We are happy to announce CUFR has
decided not to increase prices in 2024. Instead, we are cutting
expenses and looking for efficiency in our processes to remain
cost-effective. It is our commitment to our clients and the industry.
Note: there is an add on to our
Underwriting Cost Formula for complex Schedule E. Please click
below to view the 2024 CUFR price list.
Looking ahead in 2024, we
anticipate a shift in trends in the second quarter, with specific
collateral types showing increased activity. CUFR's marketing and
outreach programs target brokers and property owners of these
collateral types, creating strategic partnerships.
CRE Loan Targets
Recently Built Hotels
Be on the lookout for more
participation offers. Many lenders need loans with higher yields to
balance their portfolios, and due to liquidity, lenders will be looking
to participate quality loans with the CUFR network.
CU First Responders Finance (CUFR) is a proud partner of the
National Council of Firefighter Credit Unions, a non-profit credit
union association that serves firefighters and first responders