First National Financial LP
industrial

Industrial

Development / Construction

A construction loan helps borrowers manage periodic payments for contract work during the building of a real estate asset. Construction financing is available for condominiums, retail, office, industrial, retirement and purpose-built apartments. An exit strategy for the construction loan is one of the key considerations for funding (i.e. standard financing or individual sales of industrial units). 

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An overview of recent First National financings across geographies and asset classes, including a brief summary of deals and the financing amounts.

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 proceeds shall repay existing debt with the remaining to be used as an equity takeout to complete capital improvements at the property

  • $16.5 Million
  • 126,324 sq. ft.
  • Vancouver, British Columbia
  • Industrial - Equity Take-out
  • 5 years term, 25 years amortization
  • LTV: 55.29%

To facilitate the purchase of industrial and industrial/flex properties in the Ottawa area

  • $85 Million
  • 692,631 sq. ft.
  • Ottawa, Ontario
  • Industrial purchase
  • 5 years term, interest only amortization
  • LTV: 93%

New conventional first mortgage to place term debt on the subject property facilitate the purchase of the property

  • $37.2 Million
  • 156,865 sq. ft.
  • Abbotsford, British Columbia
  • Loan financing first mortgage loan
  • 3 years term, Interest only amortization
  • LTV: 64.4%

Refinancing existing loan on industrial space with office and showroom

  • $3 million
  • 18,500 sq ft
  • Vaughan, Ontario
  • Conventional refinancing
  • 5 years term, 25 years amortization
  • LTV: 67%
 

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%

Latest resources and insights

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

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Capital Markets update

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View other industrial mortgage solutions

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.

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Short-term (bridge) Financing

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

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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.

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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.

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