First National Financial LP
grocery

Retail property

A retail property is a space where the public comes to purchase a product or a service. Examples include grocery store, department store, bank, restaurant and more. Retail assets can be single units, strip plazas or as large as an enclosed mall. This type of asset typically attracts a more sophisticated buyer as a result of the risk profile and operational complexities.

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.

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Short-term (bridge) financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years.

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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.

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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.

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Development / Construction

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

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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 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%

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%

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