Skip to main content

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 Recap

 

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.

 

 

No Price Increase

 

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.

 

 

 

2024 Expectations

 

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

  • Neighborhood Retail
  • Mixed-Use
  • Owner-Occupied Professional Buildings
  • Multi-Family
  • Light Industrial
  • Recently Built Hotels

 

Loan Participations

 

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.

 

 


CONTACT:

Murray Halperin
Managing Member
murrayh@FinanceResponders.com
561.409.8786

 

 


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 nationwide.

Copyright © 2024 CU First Responders Finance, All rights reserved.
You are receiving this email because we value our business relationship. We send offers to the first responder business community, brokers and dealers regarding business and commercial loans.

Our mailing address is:

CU First Responders Finance

399 NW 2ND AVENUE

SUITE 206

BOCA RATON, FL 33432

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

What Should Credit Unions Know About Stablecoins?

  Congress is considering new legislation around cryptocurrency, and these new tools could have profound implications for the industry. Andrew Lepczyk Creditunions.com Cryptocurrency is seemingly everywhere in 2025, including member’s  virtual “wallets .” A  2022 study from CUNA  – now known as America’s Credit Unions – found cryptocurrency ownership among credit union members stood at 39%, as opposed to 17% of the general population. In some ways this makes sense; many Americans who feel excluded from the traditional financial system are drawn to cryptocurrency, mirroring the relationship many members have with their credit union. While there are plenty of enthusiasts, cryptocurrency also has its detractors. Many dismiss crypto ownership as speculative, and cryptocurrency as nothing more than an overly risky, volatile asset. Public failures of companies like FTX have only made the critics louder. A  recent study from the Pew Research Center  found 63% of r...
Post a Comment
Read Complete Article HERE>»

Before You Push Send!

  The Art of Thoughtful Discourse in a Noisy World In an era where opinions flood every corner of social media, news platforms, and casual conversations, the sheer volume of voices can be both inspiring and overwhelming. Everyone seems to have something to say, and while it's a beautiful thing to witness such diverse perspectives, it raises an important question: how can we ensure that our contributions are meaningful and resonate with others? The Power of Evidence-Based Opinions At the heart of impactful communication lies the value of substantiation. Personal views are indeed intriguing and can spark engaging discussions. However, without solid evidence or context to support them, these opinions can quickly lose their potency. When we articulate our thoughts without backing them up, we risk contributing to the noise rather than enhancing the dialogue. To make meaningful contributions, it’s essential to prioritize reasoning over reflexivity. Taking the time to gathe...
Post a Comment
Read Complete Article HERE>»

Mastering Mortgages - A little History for the Day

  Mastering Mortgages     Background Mortgages  are a type of property loan that financial institutions, such as banks and credit unions, can offer when a prospective buyer decides against paying a property’s full cost in cash.  The lender provides funds to the borrower to purchase the property, and the borrower pays them back over a fixed time period, typically between 10 and 30 years. On top of paying back the base cost of the property, also called the “principal,” the borrower pays monthly interest to the lender.  Most buyers also pay a down payme...
Post a Comment
Read Complete Article HERE>»

Live Podcast with Bonnie Sensing, Executive VP of Nashville Firemen's Credit Union on BSA

Jo in us in this live episode as Grant Sheehan, CCUE | CEO of the National Council of Firefighter Credit Unions (NCOFCU), interviews Bonnie Sensing, Executive VP of Nashville Firemen's Credit Union. We break down the BSA complex regulations, explore BSA compliance strategies, and discuss real-world implications for directors and staff. BSA Podcast YouTube NCOFCU Podcasts  
Post a Comment
Read Complete Article HERE>»

Unlocking the Future: How Generative AI is Transforming Credit Unions

  Unlocking the Future: How Generative AI is Transforming Credit Unions In the rapidly evolving financial landscape, technology plays an increasingly pivotal role. Among the most exciting advancements is Generative AI, which is poised to transform how credit unions operate and serve their members. Read on to discover how generative AI can reshape the member experience and optimize operations within credit unions. What is Generative AI? Generative AI refers to a class of artificial intelligence that can create new content—such as text, images, and audio—based on existing data. Unlike traditional AI, which focuses on analyzing and recognizing patterns, generative AI synthesizes new information, offering exciting possibilities for financial institutions, particularly credit unions. The Applications of Generative AI in Credit Unions Personalized Financial Advice Credit unions pride themselves on their member relationships, and generative AI can enhance these connections....
Post a Comment
Read Complete Article HERE>»