While retail might be in flux, local shopping centers are generally the strongest and most resilient 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 will 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

• Amortization: 30 years

• Leverage: 75% maximum LTV allowance

• DSCR: 1.25x 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% to 75% maximum LTV allowance

• DSCR: 1.25x 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

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In this article:
1. Anchored Strip Center Loan Terms
2. Conduit and Life Insurance Loans for Anchored Strip Centers
3. Get Your Free Loan Quote Today
4. Get Financing