industrial

Industrial property

An industrial asset can span real estate operations including warehousing, manufacturing, transportation and logistics. This type of asset typically attracts a more sophisticated buyer as a result of the risk profile and operational complexities.

Standard Financing

Standard financing offers a term of five years or more, a fixed interest rate and is typically closed to prepayment for the term’s duration.

Learn More

Short-term (bridge) Financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years.

Learn More

Repositioning / Renovating

This short-term financing option enables access to a property’s equity for improvements, renovations or repairs, eliminating the need to raise funds from personal sources.

Learn More

Secondary financing for industrial property

Second mortgages are often used to access equity in a property when a borrower wants to purchase another asset or renovate/repair a property.

Learn More

Development / Construction

Construction financing is available for condominiums, retail, office, industrial, retirement and purpose-built apartments. 

Learn More

Smart risk solutions in action for industrial

See how we’ve applied our financing products innovatively to help industrial borrowers achieve their goals with performance and value.

Loan used to refinance two industrial buildings and to withdraw equity

  • $12 million
  • 170,890 sq. ft.
  • Laval, Quebec
  • Conventional refinance first mortgage
  • 2 years term, 25 years amortization
  • LTV: 75%

Conventional first mortgage loan used to assist in the purchase of the industrial property

  • $10 million
  • 65,821 Sq. ft.
  • Waterloo, Ontario
  • Conventional First Mortgage
  • 5 years term, 25 years amortization
  • LTV: 63%

A new conventional first mortgage to recapture the amount spent on the purchase of the property and equity take-out

  • $3 million
  • 29,032 sq. ft.
  • Vaughan, Ontario
  • Conventional first mortgage
  • 5 years term, 25 years amortization
  • LTV: 59%

A first mortgage bridge loan to assist with the purchase of an industrial building

  • $3 million
  • 19,910 sq. ft.
  • Ottawa, Ontario
  • Conventional bridge loan
  • 3 years term, 25 years amortization
  • LTV: 74%

Refinancing existing mortgage loans and equity takeout to retire a private mortgage

  • $3 million
  • 69,630 sq. ft.
  • Montreal, Quebec
  • Bridge loan refinance
  • 24 months, 25 years amortization
  • LTV: 61%

Purchasing property to be converted into rentable storage space

  • $3 million
  • 33,825 sq. ft.
  • Midland, Ontario
  • Conventional first mortgage
  • 3 years term, interest only amortization
  • LTV: 66%

Providing funds to refinance property and pay down its bank line

  • $10 million
  • 91,653 sq. ft.
  • Spruce Grove, Alberta
  • Conventional first mortgage
  • 3 years term, 25 years amortization
  • LTV: 75%

Providing capital to assist in real estate development

  • $3 million
  • 16,997 sq. ft.
  • Mississauga, Ontario
  • Conventional first mortgage
  • 4 years term, 25 years amortization
  • LTV: 53%

Latest resources and insights

Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.

Growth, Value and Risk

Article
All eyes were on the Bank of Canada this morning as it made its fifth interest rate decision of 2021. Read about it here.

View all

Expert insights

Article
Thomas Kim, Vice President and Managing Director of Capital Markets reviews the changes in yields this week.

View all

Borrower perspectives

Article
We spoke to Joe about how he continues to adapt in year two of the pandemic, his vision and key priorities for growth, and how First National supports his ambition and continued growth.

View all

Capital Markets update

Article
Neil Silverberg, Senior Analyst, Capital Markets, reviews what happened over the last few weeks in the market, how the market reacted and what it means for you. Read the full commentary here.

View all

city

Sign up for Market updates

Economic and political developments – both in Canada and globally – can impact the commercial real estate market. First National experts follow these trends closely and provide honest, real and professional perspectives into what they could mean for your portfolio.