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.




Murray Halperin
Managing Member



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.

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