Commercial Mortgages Retail Property Financing
If Your Property Generates Income, It is Worth a Meaningful Discussion
Retail
Property
Types
Cornell Mortgages arranges retail financing from Banks, Credit Unions, Life Co.'s,
Mortgage Finance Companies and many other niche lenders.
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The Property location and income will generally guide the lender appetite.
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With several of years experience, Cornell Mortgages and Team is arranges commercial mortgages for all types of retail including the following most common retail asset types:​
- Grocery Anchored Retail;
- Pharmacy Anchored Retail;
- Non-Anchored Multi Tenant Retail;
- Retail Strip Malls / Retail Strip Plazas;
- Shopping Malls;
- Single Tenant Retail: and
- Every other Retail type not listed above.
Retail
Property
Typical
Mortgage
Guidance
Are you looking for a Commercial Mortgage for a Retail Property because you are Purchasing? Refinancing? Transitioning the Asset and require Bridge Financing? or are you Constructing a new Retail property? Regardless of the case, Cornell Mortgages is here to guide you through it.
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Transaction Sizes:​
- $500m to $100mm +;
- Sweet Spot $15mm to $50mm
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Typical Term Length:
- 1 - 5 years;
- Up to 20 years
Amortization:
- Up to 30 years
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Loan to Value:
- Typical LTV: 68%;
- Maximum LTV: 75%;
- Subject to property type, lease terms and quality of tenant covenant.
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Debt Service Coverage Ratio:
- Typically 1.20x to 1.30x
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Retail
Interest
Rates
It is impossible to quote any commercial mortgage rate on the internet. Anyone who does, may be misguiding you. Interest rates are depended on the mortgage, as commercial mortgages are customizable. Not one size fits all. If someone is trying to fit you into a box, reach out to Cornell Mortgages and let us create the box for you.
Ready to
Talk About
Your Retail
Mortgage
Situation?
If you have a commercial property that generates income, the Cornell Mortgages Team will spend at least 5 hours reviewing the initially requested information before providing you with a no.
If there is income, there has to be away, it just may take some time to figure it out when it is not straight forward.
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Cornell Mortgages may not be your first call when it comes to Commercial Mortgage Services, however, Cornell Mortgages should be your last call.
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Thank you for your trust.