grocery

Retail property

A retail property is a space where the public comes to purchase a product or a service. Examples include grocery store, department store, bank, restaurant and more. Retail assets can be single units, strip plazas or as large as an enclosed mall. 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.

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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

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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Development / Construction

A construction loan helps borrowers manage periodic payments for contract work during the building of a real estate asset.

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Smart risk solutions in action for retail

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

Bridge loan used to release the closing grocery store on the property

  • $2 million
  • 45,529 sq. ft.
  • Calgary, Alberta
  • Conventional bridge loan
  • 2 years term, interest only amortization
  • LTV: 70%

A new conventional second mortgage to finance the construction of the two additional retail pads

  • $7 million
  • 120,899 Sq. ft.
  • Brampton, Ontario
  • Conventional second mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 54%

Financing the acquisition of the property

  • $5 million
  • 9,237 Sq. ft.
  • Toronto, Ontario
  • Conventional First Mortgage
  • 5 years term, 30 years amortization
  • LTV: 65%

Paying out the existing debt on the maturing loan on the property with a new first mortgage

  • $7 million
  • 32,542 Sq. ft.
  • Milton, Ontario
  • Conventional First Mortgage
  • 1 year term, 25 years amortization
  • LTV: 54%

Refinancing existing debt on the plaza and funding construction to extend the main plaza

  • $2 million
  • 63,537 sq. ft.
  • London, Ontario
  • Conventional first mortgage loan
  • 3 years term, interest only amortization
  • LTV: 72%

Providing financing for the acquisition of a retail plaza

  • $6 million
  • 17,757 sq. ft.
  • Mississauga, Ontario
  • Conventional first mortgage
  • 5 years term, 25 years amortization
  • LTV: 68%

Refinancing of existing mortgage loans and equity takeout

  • $4 million
  • 14,229 sq. ft.
  • Montreal, Quebec
  • Conventional first mortgage loan,
  • 5 years term, 25 years amortization
  • LTV: 68%

Providing funds for the construction of the retail plaza

  • $3 million
  • 6,400 Sq. ft.
  • Exeter, Ontario
  • First mortgage construction loan
  • 12 months term, interest only amortization
  • LTV: 65%

Latest resources and insights

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

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