Published on March 06, 2023
Written by Melissa K. Page Boeshans
It's no secret that the pandemic and hybrid and work-from-home realities, along with other market changes, have impacted the commercial real estate market. But a growing number of businesses are bringing their employees back to their physical offices, and commercial spaces are being re-purposed for other needs like gyms, warehouses and multi-purpose or affordable housing. We also know that commercial investors are looking to invest in a variety of locations ranging from gateway cities like Boston, New York and Chicago or growth markets such as Phoenix, Dallas and Atlanta.
Here’s how the Servion Commercial Title team can help you help your members navigate a commercial investment with confidence:
We take away your pain points – Our goal is to be an advocate for you and your customers. We guide you through each commercial transaction, streamlining the process under one roof and managing many of the administrative tasks, including audits, construction loans, underwriting, appraisals and closings as an extension of your team. This helps save you time, reduces your overall costs and centralizes all documents in one location.
We focus on relationships over transactions – Are you looking to grow your commercial business but aren’t sure how? Our team will get to know you and your business goals, talking through what you want to achieve. Are you looking to purchase rental property or multi-unit properties? Do you need more information about what kinds of assessments or paperwork is needed? We’re here to answer your questions and simplify the process.
We help you keep control of your loan – In partnership with our Commercial Loan Resources team, we’re able to keep your loan and title work under one roof providing portfolio servicing, closing, loan underwriting and collateral review. This allows you to not only streamline the process but also keep control of the loan value. Our team becomes familiar with your organization’s process helping to simplify and streamline future transactions.
We offer personalized educational resources – We know that every credit union is different and that your members have different needs. We’ll meet with you and develop educational resources or webinars to respond to specific questions you hear from your members every day.
We offer a national footprint –We’re able to complete a closing anywhere in the United States. -- in Minnesota, and regionally across the country.
Despite some expected fluctuations, we expect the market to normalize later this year and into early 2024. Now’s the time to build a strategic partnership with Servion so we can help you tailor your services to meet the unique needs of your institution so you can take advantage of opportunities to grow your business and meet your overall goals.