industrial

Industrial

Short-term (bridge) Financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years. Some borrowers choose bridge financing when they need flexibility to decide about the future of an asset (i.e. contemplating a sale, impending change in ownership structure, wanting to match mortgage term to single lease maturity or operational planning) or time to coordinate a standard financing option.

For industrial assets, short-term financing may be a strategic solution if many of the property’s leases are approaching maturity.

The flexibility enables the borrower to negotiate new leases or acquire new tenants, ultimately positioning the property more positively for standard financing.

Bridge financing typically includes floating interest rates and usually allows some form of early prepayment. Consistent cash flows and strong operational histories are key considerations for this type of financing.

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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.

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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.

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
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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.