As the economy recovers and credit opens up, we are observing Conduit Programs reopening. These loans are generally for higher quality real estate and lower leverage. Minimum thresholds for these retail loans are $5 million.
Qualifying types of Retail Real Estate include:
- Power Centers, Retail Parks, Stretch Malls, LifeStyle Centers
- Strip Centers, Strip Malls, Shopping Plazas, Shopping Centers, Mini-Malls
- Other Mid to Large Scale Retail Shopping Properties
Non-specific details of the new order Conduit Programs include:
- 70% Loan to Value
- 1.35 Debt Service Coverage
- 85% Occupancy
- Rates in the low +/- 6% range
Call or email Paul J. Meyer to Discuss Shopping Center/Retail Loans: (248) 515-0226
Bristol Capital Group
400 W. Maple Road, Suite 175
Birmingham, Michigan 48009
248.203.1384 - Office
248.203.1397 - Fax