Retail and Strip Centre Mortgages
Rental Property Financing
Let CanEquity purvey for you the retail or strip centre financing you desire, on your terms. The Canadian retail and strip centre market is diverse and competitive. CanEquity will work with you to ensure that you attain the best rate and term available for your centre.
Retail and Strip Centre Financing Need to Knows
As is the case for attaining nearly any commercial financing product, lenders will have requirements they are seeking in providing you the financing for your retail or strip mall venture. Utilizing a CanEquity mortgage specialist ensures you guidance through the application procedure so that you may attain the retail financing you need.Apply Now for a Retail and Strip Centre Mortgage
- Here are some of the items you will need to know regarding your strip centre or retail mortgage:
- Financing can be provided at 75 per cent loan to value
- Properties will need to generate approximately $1.20 of income for every $1.00 of debt they accumulate in order to be deemed viable
- Lenders will review leases and will complete their own assessment of the property's revenue
- Lenders will be looking for a strong, reliable and diverse tenant base that matches the terms of the mortgage
- Location, condition and detailed access information (roads, parking, loading zones) regarding the property will need to be provided
- Credit history will be verified
For all your questions and inquiries regarding retail and strip mall financing, contact CanEquity by completing our easy and secure financing application today.Our Disclaimer: Although we make every attempt to ensure the accuracy of our website, we recommend you use the above mortgage information as a guideline only. CanEquity Mortgage makes no guarantees on product availability or the rates shown unless otherwise stated. CanEquity always recommends that you consult a commercial mortgage broker using our online application before making any final decisions.