First National Financial LP
grocery

Retail

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. The goal is usually to increase lease rates and/or reduce operating expenses to drive up the value of the property and make it eligible for standard financing.

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.

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.

Growth, Value and Risk

Article
The BoC made its sixth interest rate decision for 2021, read an overview of the announcement here.

View all

Expert insights

Article
Insights from Adam Powadiuk during the Canadian Apartment Investment Conference on September 22, 2021.

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

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

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

Development / Construction

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

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.