FINANCING FOR COMMERCIAL RETAIL PLAZAS
AND SHOPPING CENTERS
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.
arrange permanent mortgages and
construction loan financing for all forms of retail
properties such as: neighborhood shopping centres,
mini-malls, mixed-use plazas, restaurant pads and big box
name a few.
also provide financing to purchase and rehab commercial
for fix and flip or to hold as an owner occupied or investment property.
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.
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.
available for U.S. and
Canadian properties in major urban centres,
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
and Use of Funds
3yrs of financial statements
Amount or Estimated value if refinancing
- Time Frame
for when funding is needed
and Sales Agreement (if this is a purchase)
mortgage details (if this is a refinance)
- Photos of
the property: Please include the inside, outside and the neighborhood.
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.
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.
contact us at 905-901-3063 or
email us with any questions or project information.
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
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.