Shopping Center / Retail Loans

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shopping centers

In this strong economy, credit is opening up…we are observing new emergent shopping center / retail loan programs. These include Conduits, life company, bank and credit union, and also private lenders. These loans are generally for higher quality real estate with good occupancy. Minimum thresholds for these loans are $3 million. Rates continue to be historically low.

  • Shopping Centers
  • Life Style Centers
  • Strip Malls
  • Malls

Non-specific details of new order Shopping Center / Retail Loan Programs include:

  • 70% - 85% Loan to Value
  • 1.25 Debt Service Coverage
  • Good Occupancy
  • Rates in the low +/- 4.5% range
  • 10 year term
  • 30 year amortization
  • Non-recourse in most circumstances
  • Defeasance/Prepayment Consultation

Historical Low +/- 4.5% Rates

Please call Paul Meyer 248.515.0226 to discuss
Shopping Center Loans on a case by case basis.

Let's Size Up Your Loan!