Retail Property Mortgage in Canada
Financing for Retail and Shopping Centres
Financing for retail and shopping centre properties across Canada, from streetfront units to neighbourhood plazas and power centres. We arrange purchase, refinance, renovation, and construction loans, with options for tenant improvement and lease-up reserves when needed. You get clear terms, transparent costs, and timelines that align with your leases and opening dates. If you want to review options or get a second opinion, book a quick, no pressure call.
From neighbourhood plazas to street-front units and mixed-use, retail underwrites on visibility, access, tenant quality, and durability of income. We match loan structure to the rent roll and lease expiries, then bring targeted quotes that fit your budget, timeline, and risk.
Who We Serve
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Owner-operators buying or refinancing their premises
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Investors acquiring stabilized retail or mixed-use assets
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Sponsors repositioning vacancy with improvements and leasing
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Developers completing retail podiums under residential towers
Properties We Finance
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Neighbourhood and community plazas: Daily-needs retail with anchor and shadow-anchor tenants
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Main-street and high-street retail: Street-front units with strong pedestrian traffic
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Mixed-use: Retail at grade with residential above where housing drives value
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Strata retail: Individual units governed by a condo corporation
Eligible Scenarios
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Purchase: Stabilized or near-stabilized assets sized to in-place income
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Refinance: Improve rate or term, or release equity for upgrades and tenant incentives
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Value-add and bridge: Fund façade and systems upgrades, TI and LC, and lease-up
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Strata acquisitions: Terms aligned to corporation budgets, bylaws, and reserves
How Retail Financing Is Structured
We start with tenancy strength, rollover, and your next two years of plans.
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Leverage: Sized to DSCR, anchor quality, and lease terms
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Rates and terms: Fixed or variable from 1 to 10 years with practical prepayment options
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Amortization: Typically 20 to 30 years on income properties
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Covenants: Reserves, reporting, and TI/LC allowances that match the plan
Typical Loan Parameters and Eligibility
(Actual terms vary by asset quality, market, sponsor strength, and lender policy.)
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LTV: Often 55 to 75 percent on conventional retail; case by case for strata and mixed-use
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DSCR: Commonly 1.20x to 1.35x on stabilized NOI
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Security and recourse: First mortgage standard; guarantees vary by leverage and deal size
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Sponsor profile: Relevant experience, adequate net worth and liquidity, credible operating plan
Streamlined Documents Checklist
We stage what is needed to keep momentum.
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Property and income: Current rent roll, T12, major leases and amendments, insurance, taxes
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Reports: Appraisal, Phase I ESA, building condition where required
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Strata retail (if applicable): Corporation budgets, bylaws, reserve fund info, recent minutes
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Value-add: Capex scope, TI and LC assumptions, leasing pipeline
Process and Timelines
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Initial review (1 to 3 business days): Indicative sizing and lender short list
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Term sheets (3 to 10 business days): Competitive quotes matched to your goals
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Diligence and approvals (2 to 6 weeks): Appraisal, environmental, legal, and conditions
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Closing and funding: Conditions satisfied, insurance bound, security registered
Why Work With Us
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Structure first: We fit the loan to your plan, then pick the right lender
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Breadth of capital: Banks, credit unions, alternative and private capital, plus CMHC where mixed-use qualifies
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Clarity and speed: Milestones, early issue spotting, and plain language
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National coverage: Major metros and strong secondary markets across Canada
Get Started
Message our team to talk through your goals and market. We will outline practical options for a retail property mortgage in Canada so you can compare terms and move forward with confidence.