Retail Shopping Center loans
We offer financing for retail shopping center loans nationwide with very competitive and rates and terms. Whether you are looking for long term fixed rate mortgage or a short term transitional solution, we will have a capital source that will outperform local bank lending. We offer on demand access to secondary capital markets for loans starting at $1 million and going up to typically $40 million for all types of retail shopping centers. Our capital sources include insurance companies, CMBS lenders, banks, credit unions, private debt funds, and pension funds. We have longstanding relationships with these lenders and are able to offer the most competitively negotiated loan terms for any retail shopping center.
Types of Retail Shopping Center Loans We Offer
For any retail shopping center, we are able to offer a variety of fixed rate periods and terms within the general outline below
- LTV up to 75% (85% higher with mezzanine finance)
- Up to 20 year fixed rates
- Up to 30 year amortizations, interest only available
- First mortgage & mezzanine positions
- Loan amounts starting at $1 million
- Non-recourse & recourse options
- Flexible prepayment options
- Bridge loans
- Acquisitions, refinances, cash outs, construction
The groups we typically work with are small and middle market owners and operators of retail shopping centers. We are generally involved in loan amounts from $1 to $40 million and can handle any type of shopping center deal nationwide. To discuss any particular scenarios and get a better feel for our mortgage options, call us directly at 866-647-1650 or fill out the contact form to the right.
Examples of Shopping Center Financing
Example 1) A borrower came to us looking to refinance a shopping center that was newly built and coming off of a construction loan. The property was a mix of regional and national tenants with a moderately long lease roll. We were able to structure a $14.5 million cash out refinance that put $2 million into the developers pocket and put the property onto a 10 year very competitive fixed rate with a 30 year amortization.
Example 2) A borrower came to us looking for a bridge loan for a grocery anchored shopping center in Florida. The property has almost fully occupied inline space, but the grocery anchor had left, however he had a new lease in hand for a new grocer and need TI money to get them into the space. We were able to structure a non recourse bridge loan for 24 months, that have the owner the TI money he needed, had interest only payments, and gave them enough time to get the new tenant in and be able to refinance the property once it was fully occupied.
Example 3) A borrower came to us looking to cash out refinance a retail center in South Carolina, looking for non recourse, but flexible prepayment and less restrictive loan terms. We were able to structure a 70% LTV, 10 year fixed rate deal on a 30 year amortization, that was non recourse, had a step down prepayment, and no reserves. This gave the borrower everything he was looking for in shopping center financing, plus additional cash out proceeds into his pocket.