2021 Anchored Strip Center Loans 

While retail might currently be in flux, local shopping centers are one of the strongest and fastest growing segments of the industry. As populations have grown around local strip centers, demand has increased. New tenants, including higher quality quick service restaurants (QSRs) have helped to drive that trend. So, if you're looking for financing for a local shopping center, Commercial Real Estate Loans is excited to help. We provide financing for: 

• Power centers

• Anchored strip centers

• Weak anchor strip centers

• Shadow anchor strip centers

Anchored Strip Center Loan Terms

In general, our golf course loan terms include: 

• Loan Size: $500,000+

• Loan Purpose: Loan can be used for property acquisition or refinancing, but cannot be used for business only-financing

• Loan Term: 3, 5, 7 and 10-year fixed-rate terms

• Amortization: 15, 20, 25 and 30-year options

• Leverage: 80% LTV allowance (subordinate debt permitted)

• DSCR: 1.20 minimum DSCR

• Credit Score Requirement: 660 minimum

Conduit and Life Insurance Loans for Anchored Strip Centers

For anchored strip centers seeking more than $1 million in commercial property financing, Commercial Real Estate Loans can arrange conduit loans, otherwise known as CMBS loans. We can also arrange life insurance company loans, depending on the specific project's eligibility. In general, our terms for CMBS loans include:  

• Loan Size: $2,000,000 and up

• Loan Term: 5, 7, or 10 year fixed-rate loans

• Interest Rates: 4.9% (for 10 year fixed)

• Amortization: 30 years

• Leverage: 75% maximum LTV allowance

• DSCR: 1.25 minimum

• Recourse: Non-recourse (with standard carve-outs)

 In contrast, our typical life company loan terms include: 

• Loan Size: $2 million+

• Term: 10-25 year terms

• Interest Rates: 4.15%+, fixed rate

• Amortization: 25 years

• Leverage: 65- 75% maximum LTV allowance

• DSCR: 1.25 minimum

• Debt Yield: 8-10% minimum

• Recourse: Non-recourse, standard carve-outs apply

• Replacement Reserves: Typically required

• Prepayment: Penalties assessed, regular or soft step downs possible

• Fees: Vary

Get a Free Anchored Strip Center Property Loan Quote Today

For anchored strip center property loans from just $1 million and up, click the button below and fill out a short, secure form for a fast, easy, and free commercial loan quote from a commercial mortgage banker.