When you set out to develop a retail strip centre, you’re setting out to become a large-scale commercial landlord. We can help you secure the immediate financing to get these lucrative developments off the ground, while guiding you through a detail-oriented commercial investment and financing process. Know that coming into the mortgage-application process, your project’s potential will need to be proven again and again:
- Prove projected earnings roughly equal to $1.20 for every $1.00 of accumulated debt, demonstrating viable potential for profit
- Provide extensive details on the proposed location and its surroundings
- Demonstrate a tenant base matching the mortgage terms and await the lender’s diligence of the proposed property’s potential revenue
Once you’ve passed the lender’s scrutiny, you could become eligible for financing to the tune of up to 75% of the loan to value.