As we continue to balance our role as an essential service provider with the health of our employees and members, the ability to staff all of our branches is sometimes impacted. Our Milpitas, Palo Alto, San Francisco, and Sunnyvale branches will be temporarily closed effective December 2nd. As more members opt for non-face-to-face interactions, you may experience longer hold times when calling our Member Contact Center. We apologize for this inconvenience.
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Commercial Property #1
Commercial Property #2
Rakesh Panchal and his wife Manishal Panchal are successful hotel owners who have managed and grown their family-owned business for more than 15 years. The two were born in India and immigrated to the U.S. in 1996 after graduating from college. Mr. Panchal started his career in hotel management at the Bali Hai Motel in Yakima, Washington. He left the Bali Hai to purchase his own hotels, including the El Corral Motel in Toppenish, Washington, which is still run by his father-in-law, and the Quality Inn in Yakima, Washington, which the couple sold in 2013.
After the sale of their Quality Inn hotel, the Panchals recognized an opportunity to acquire two hotel properties in Central California. They needed additional financing to complete the purchase of the properties and provide supplementary capital for ongoing operational support.