Retail Plaza and Shopping Center Financing

         

 

 

905-901-3063  |   Call Today

 

Home

Retail Plaza and Shopping Center Financing

 

About us

Contact Us

 

 

 

 

 

 

 

 

COMMERCIAL RETAIL FINANCING

 

FINANCING FOR COMMERCIAL RETAIL PLAZAS AND SHOPPING CENTERS

 

retail shopping plaza

 

 

Retail properties continue to be among the soundest real estate investments in North America. But retail property is a highly specialized field of real estate with a unique and complex set of legal, financial, management and marketing variables.

We arrange permanent mortgages and construction loan financing for all forms of retail properties such as: neighborhood shopping centres, strip plazas, mini-malls, mixed-use plazas, restaurant pads and big box outlets, to name a few.

We also provide financing to purchase and rehab commercial properties for fix and flip or to hold as an owner occupied or investment property.

In addition, we can also provide build-to-suit loans for National and Local Franchise Restaurants, Single Tenant Retail and Multi Unit Retailers. We offer programs for strong tenants and non-credit grade tenants and local to the area companies.

Specialized bridge/short term loans are availabe to combat maturing Conventional and CMBS loans due to a drop in occupancy rate and/or tenant lease expiry dates not meeting required underwriting guidelines. This bridge/short term lending program will allow the owner time to acquire new tenants and/or the ability to renew their current tenants leases, make tenant improvements/rehab construction, debt restructuring and partner buyouts to provide transitional financing into another permanent loan product.

Financing is available for U.S. and Canadian properties in major urban centres, suburbs and small towns. 


Mortgage Specifications

Here are some of the items you will need to know regarding your strip centre or retail mortgage:

  • Financing can be provided at 75 - 80 percent loan to value (LTV)
  • Properties will need to generate a debt coverage ratio (DCR) of approximately $1.20 of income for every $1.00 of debt they accumulate in order to be deemed viable
  • Lenders will review leases and will complete their own assessment of the property's revenue
  • Lenders will be looking for a strong, reliable and diverse tenant base that matches the terms of the mortgage
  • Location, condition and detailed access information (roads, parking, loading zones) regarding the property will need to be provided
  • Non-recourse mortgages are available

To be considered for financing, please send us the following:

Executive Summary or Business Plan that includes:

  • Property Type
  • Detailed Rent roll
  • Source and Use of Funds
  • Last 3yrs of financial statements
  • Purchase Amount or Estimated value if refinancing
  • Time Frame for when funding is needed
  • Purchase and Sales Agreement (if this is a purchase)
  • Existing mortgage details (if this is a refinance)
  • Photos of the property: Please include the inside, outside and the neighborhood.

All information is treated in a confidential manner. We will contact you to let you know the details of the loans that are available once we receive your information. If you have any additional questions please do not hesitate to contact us.

 

Our goal is to provide our clients with attractive financing options that will best serve their individual financial needs. We have successfully laid a firm foundation for financing a broad range of loan products. We look forward to working with you and helping you grow your business.

 

                            

Please contact us at 905-901-3063 or email us with any questions or project information.

 

 

Powered byEMF Contact Form

 

 

 

 

 

 

  Print


Please be advised that Northern Range Capital Corp and its affiliates are not offering securities for sale, is not a bank and is not licensed a securities dealer or broker and as such, do not hold themselves to be. The information provided herein is not intended to be for the purposes of soliciting a Security under Provincial, State or Federal regulations.

This website should be construed as informational and not as an advertisement soliciting for any particular purpose. All securities herein discussed have not been registered or approved by any securities regulatory agency in accordance with the securities act of 1933 or any provincial or state securities laws.

 

 


 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright (c) Northern Range Capital Corp., All rights reserved