First National Financial LP
grocery

Retail

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 retail units).

Image of office buildings

Subscribe to our Recent Financings newsletter

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 retail

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

To refinance the property and obtain equity capital for renovation business

  • $11.7 Million
  • 165,528 sq. ft.
  • Barrie, Ontario
  • Loan financing
  • 7 years term, 25 years amortization
  • LTV: 70%


Seeking a term loan to provide capital for the purchase of retail property

  • $6.8 Million
  • 19,656 sq. ft.
  • London, Ontario
  • Conventional loan
  • 5 years term, 25 years amortization
  • LTV: 60.0%

To refinance the current loan on the subject properties

  • $4.6 Million
  • 57,574 sq. ft.
  • Woodstock/Orangeville, Ontario
  • Refinance
  • 5 years term, 20 years amortization
  • LTV: 70%

Construction financing for the development of urban retail

  • $9 million
  • 84,530 sq ft
  • Oakville, Ontario
  • Conventional construction advance
  • 3 years term, 8 years amortization
  • LTV: 75%
 

Liberate existing debt against property to finance continued improvements on subject property

  • $6 million
  • 32,542 sq ft
  • Milton, Ontario
  • CMHC refinancing first mortgage
  • Conventional mortgage extension
  • 3 months term, interest only
 

Construction financing for the development of commercial space on subject property

  • $5 million
  • 49,120 sq ft
  • Kitchener, Ontario
  • Conventional loan extension
  • 1 year term, 8 years amortization
  • LTV: 65%
 

Provide funds required to re-lease the site and invest in further additions to subject property

  • $7 million
  • 42,440 sq ft
  • North York, Ontario
  • Conventional bridge renewal
  • 1 year term, 3 years amortization
  • LTV: 70%
 

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%

Latest resources and insights

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

Growth, Value and Risk

Article
What follows are stories of First National clients whose business needs inspired us to create Mid-Range Hedge

View all

Expert insights

Article
While higher interest rates and speculation about a recession dominate headlines, I am glad to share some positive news.

View all

Borrower perspectives

We first spoke with Yufeng and Chris in 2019 about their ambitious growth aspirations. Three years later, they share how the pandemic has affected their business and how they have adapted.

View all

Capital Markets update

Article
In this week’s Market Commentary, Neil Silverberg, Senior Analyst, Capital Markets, puts rates into perspective, the latest increase in inflation and reviews the newly issued CMB. Read the full commentary here.

View all

View other retail 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

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

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
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.