Bridge financing for retail properties
First National’s bridge loans are ideal for borrowers who have yet to secure standard financing or who need the time and flexibility to plot a better future for their retail property assets.
Our bridge loan terms typically range from three months to three years, include floating interest rates and allow some form of early prepayment.
Borrowers choose our bridge loans until standard financing is secured or while they contemplate a property sale or a change in ownership structure.
Additionally, a bridge loan can be used opportunistically to execute an operational strategy such as negotiating new leases or securing new tenants to position the property more positively for standard financing. This type of short-term financing can be used to provide a borrower with enough time to stabilize a property with the ultimate goal of positioning it for standard financing.
Consistent cash flows, strong operational history and a borrower’s net worth, and liquidity are key considerations for this type of financing.