Retail properties are used exclusively to market and sell consumer goods and services. Examples of retail property are: shopping centres, large shopping malls, and individual shops. Types of financing available for retail properties varies widely and is dependent on many things like the quality of the tenants, the length of the leases, and the borrower’s ability manage the property. Types of retail property financing available are:

Standard Term Financing

Lending solutions up to 75% loan to value for the acquisition of a new property or re-financing of an existing one. This type of lending relies heavily on the location, tenant mix, length of leases and borrowers experience. Typically, this type of financing is for sophisticated borrowers looking for a longer-term loan that provides stable and predictable cash flow.

Standard Construction Financing

Lending solutions up to 85% of cost for the construction of a new retail property. Typically, this type of financing is for Borrowers that have achieved significant lease-up and present a clear exit strategy at the end of construction by way of Standard Term Financing.

Bridge Financing

Bridge financing is typically used for short term solutions which will allow a borrower to access equity to purchase another property or to repair or renovate an existing property without having to access capital from personal sources.

Second Mortgages

Second mortgages are often used when the existing term mortgage has a longer period until expiry and the borrower wishes to access equity in their property. These funds are often used to either purchase another property or to renovate or improve their existing property.