Right now, we have a special guest in studio, Isaac Grant, talking about commercial real estate loans.
René Nelson, Eugene commercial real estate broker
Isaac Grant, Eugene commercial loan officer
René Nelson: Today joining me is Isaac Grant from Oregon Community Credit Union. Hey Isaac.
Isaac Grant: Hey René.
René Nelson: Okay. First introduce yourself to the listeners.
Isaac Grant: Yeah. Well, René it’s a pleasure to be doing this with you. Been doing this with Bob and Marcia so many times. So it’s pleasure to have you in the studio here today asking the questions. Yeah, real pleasure to be here. Love the fact that we’re able to sponsor this radio program. As René said, my name’s Isaac Grant. I work for Oregon Community Credit Union. Being in the commercial real estate lending space for the best part of a decade or so. And I’ve really enjoyed getting to know a lot of our local investors, a lot of local people within the commercial real estate industry, being able to serve real true local investors in our market areas. It’s an absolute pleasure.
René Nelson: Wow. Okay. You’re a wealth of information. That’s pretty cool. So I have a question about credit unions because most people think, “Oh, I’ll go to my credit union for a visa card or an auto loan.” That’s what most people think I think is, “Hey, I’m going to go get an auto loan because credit unions have cheap interest rates.” When did you guys get into commercial lending?
Isaac Grant: It’s a fantastic question René. It’s one that I love speaking about. As an industry nationwide, credit unions really have started getting serious about being in both the commercial real estate lending space and small business. Business lending in general for the past couple of decades, maybe the last 15 to 20 years. But I think in the last five to 10 years, credit unions have made great strides in becoming a far more viable option for those looking to invest in commercial real estate and need financing to come to a credit union. It’s a very, very good local feel obviously. You do your personal finances with the credit union. You should be able to do your business and commercial real estate financing with the credit union also.
René Nelson: Okay. So what if I don’t belong to Oregon Community Credit Union as a member? How do I join?
Isaac Grant: Another great question. It’s very easy to join the credit union, especially if you live or work within the state of Oregon. We’d be able to get you approved for membership, especially if you’re coming to us to apply for a commercial real estate loan. We’d be able to look at your credentials and get you signed up for membership.
René Nelson: Wow, Isaac will you join me for the next round of interviews?
Isaac Grant: Absolutely.
René Nelson: Great.
Join Eugene, Oregon, real estate experts: Bob Nelson, Real Estate Investment Broker with Pacwest Real Estate Investments, and Marcia Edwards, Residential Real Estate Broker with Windermere Real Estate, daily at 5:30pm on KPNW for the “Real Estate Today” radio show.