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Bay Federal Credit Union Now Offering Commercial Real Estate Loans

Bay Federal Credit Union Now Offering Commercial Real Estate Loans

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Bay Federal Credit Union Now Offers Commercial Real Estate Loans to Businesses and Property Owners Based in Santa Cruz, San Benito, and Monterey Counties

Capitola, CA – April 30, 2024 – Bay Federal Credit Union announced the addition of Commercial Real Estate Loans to their expanding Business Services line. The addition of Commercial Real Estate loans will open the doors for local companies and commercial property owners to achieve their growth and expansion goals.


"We are ready to serve the Central Coast business community with the highly-anticipated Commercial Real Estate loan program. Our local team is familiar with the challenges local businesses face and we created the new offering with our small businesses and commercial property owners in mind,” President and CEO, Carrie Birkhofer said. “Bay Federal Credit Union is committed to providing convenient and affordable financing options to help our members succeed.”


Commercial Real Estate loans are now available to qualifying members and businesses purchasing or refinancing retail or office space, industrial-use properties, farm or agricultural land, or multi-family properties with five or more units. Loan amounts are available up to $5,000,000 for commercial properties within the state of California. Importantly, Bay Federal Credit Union’s Commercial Real Estate Loans feature no pre-payment penalties.


“Offering Commercial Real Estate loans with no pre-payment penalties will help businesses and commercial property owners have greater flexibility to reinvest in their properties on their terms,” noted the Credit Union’s Business Relationship Manager, Jeff Heitmann. “This can save our members thousands of dollars on their Commercial Real Estate Loan. This is one of many ways Bay Federal Credit Union strives to return value to our members and their businesses.”


Commercial Real Estate loans join the robust business account offerings provided by the Credit Union. Now, Bay Federal will look to increase services for business members and help small businesses and property owners feel supported in their endeavors.


Those interested in this new offering are encouraged to visit for more information, pay a visit to one of the seven convenient branch locations, or reach out directly to Business Relationship Manager, Jeff Heitmann, at


About Bay Federal Credit Union

Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 86,000 members and 2,400 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With nearly $1.6 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly serving its members and the community since 1957. Bay Federal is a certified Community Development Financial Institution, with a primary mission of promoting community development alongside their financial activities. Bay Federal has an award-winning employee volunteer program in which employees have given their own money and volunteer for numerous local schools, nonprofit organizations, and community events each year.

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