COMMERCIAL LENDING SPOTLIGHT: Investment Property Loans

Gulf Credit Union is here to help you with the purchase of commercial real estate, cash out equity loans, or refinancing existing loans. We offer great rates and quick turnaround times, with friendly staff to guide you through the process!

Things to know:

Down Payment- As an industry standard, when purchasing commercial real estate, a down payment will be required. This is generally 20 percent, but could vary depending on several factors.

Credit Score- Commercial loans require a higher credit score than typical consumer loans. Be prepared by monitoring your credit score in advance, and making sure that all your monthly notes are made timely.

Interest Rate- We offer competitive interest rates, with flexible terms to suit your commercial real estate needs. Rates vary due to many factors; contact us today to find your qualifying rate.

To apply for an investment property loan, contact one of our friendly staff members, or download an application from our website at gecu.org!

Subject to credit approval. Rates and terms may apply.

Understanding How Money Mules Work

“A money mule is someone who, either wittingly or unwittingly, transfers or moves illegally acquired money on behalf of someone else. Money Mules fuel global fraud by depositing and moving illicit proceeds around the world, potentially funding human trafficking and terrorist financing. The majority of money mule activity takes place online either directly by fraudsters with accounts opened using stolen or false identities or unknowing by individuals who believe they are employed for legitimate work targeted through scams.

How Money Mules Operate

• Online Scams: Money mules can be recruited through online scams such as employment scams, romance scams or investment scams.

• Identity Theft: Criminals can utilize someone's identity or pseudo-identity to commit a fraud.

• In Person: Money mules can be approached in person by money launderers.

A Money Mule Can:

1. Receive money into their own bank account.

2. Transfer money from their account to another.

3. Open a new account in their name that other persons then use to move illegal funds.

Money Mules help criminals remain anonymous so don’t fall victim if someone you are unfamiliar with asks you to do either of the activities noted above." Always contact a GCU representative for more information. Information from Verafin