Retail Property Loans
Retail Property Financing – Retail Shopping Center Hard Money
Retail real estate financing is one of our favorite commercial financing niches. Retail property loans give us a chance to deal with more sophisticated real estate investors. Whether you’re a small independent or working in a large firm with hundreds or thousands of retail assets in your portfolio, you understand financing better than 90% of your peers.
That’s because if you’re successfully investing in retail real estate, you are always shopping for betting financing options. When a cheap acquisition starts in the millions, a few Points here & there add up quickly, subtracting directly from your bottom line.
Our goal is to provide a viable & flexible alternative or supplement to bank financing for all your short- and long-term Retail Real Estate Loan requirements.
Glassridge Retail Property Loans
The Retail Property Loan rates & terms listed below are subject to change, and will not apply universally. These are just rough ballpark rates & an outline of the typical terms.
| Eligible Property Types: | Click here for a list of eligible property types. |
| Eligible Uses: | Acquisition, Refinance, and/or Renovations. |
| Loan Term: | 1 – 30+ years. |
| Min. Loan Balance: | $500k (with some exceptions) |
| Max LTV (Purchase Price): | 60% – 70%, with up to 80%+ for highly qualified repeat Borrowers. |
| Max LTV (Rehab Costs): | 90% – 100% |
| Interest Rate: | 6.25% – 12% |
| Rate Type: | Fixed and Variable Rates Available. |
| Origination Fee: | 2% – 4% |
| Processing Costs: | $695 – $1295 |
About Our Retail Real Estate Financing Loan Programs
Retail properties are one niche of commercial financing where we, as private lenders, go head to head with the banks. And typically, on the numbers alone, for boring long-term Buy & Hold on performing assets, banks will beat us!
But not every retail property acquisition or refinance will even be considered (much less funded) by banks, which is why Private Retail Property Hard Money Loans are a growing commodity among savvy & qualified investors.
In the right location, leased to the right audience, under proper management, retail properties can be one of the most stable & consistent asset classes on the board. Retail properties, whether strip center or mall, anchored or not, purpose built or customized for each tenant, are one of the most desirable types of real estate across the globe. Due to their generally higher acquisition cost, finding the best retail property financing is an especially important component of any commercial real estate investor’s business strategy.
Retail Property Commercial Real Estate Loans
Retail real estate loans are a highly specialized real estate financing option. Similar to most types of commercial real estate loans we offer, Retail Property Private Hard Money Loans have several distinct Pros and Cons.
This type of niche financing is largely shaped by the fact that both traditional banks’ commercial lending branches and private lenders compete over the same deals. This means better rates for you, the qualified Borrower, but it also means added chaos & confusion in the loan shopping process.
If you’re investing in retail properties, you should always be exploring as many financing options as possible, since a few Points here, or a botched deal there add up when your average transaction size is >$1m.
Pros of Retail Property Loans:
- Can close on deals where the banks said “No.”
- Provide more flexible terms than bank financing.
- Best when you need to get the deal closed… fast!
- Only option for Fix & Flips or Rehab & Rent scenarios.
Cons of Retail Property Loans:
- More expensive than bank loans (usually by 2% – 4% interest and/or 1 – 2 Points on the Origination Fee).
- Still will require a qualified Borrower with a high down payment (65% – 80% max LTV).
- Options vary significantly state-to-state, town-to-town, and even neighborhood-to-neighborhood.
Ultimately, if you’re looking at a new acquisition or major refinance on an office building, you need to shop around!
At Glassridge, we pride ourselves on being able to close on a wide variety of commercial properties in most locations around the US by partnering with local specialists everywhere.
Types Of Retail Properties We Can Finance
In general our goal is to be able to connect you to the right financial instrument to close on or refinance any sound Retail Property Investment.
However, there are several particular types of retail real estate financing deals we’d love to help you get funded include:
- Strip center financing.
- Community retail center financing.
- Convenience store loans.
- Gas station loans
- Neighborhood shopping center & grocery financing.
- Restaurant property loans.
- Many more!
If you are planning to purchase or refinance a retail property, Glassridge can connect you to some of the best retail real estate private money loan rates and terms in the industry.
If you’re wondering about what type of rates & terms we can provide on your next retail property acquisition or refinance, the best place to start is our quick, online: 2 Minute Pre-Qual™.