Crefcoa Connect with Crefcoa Twitter Facebook

Conduit Retail Loans

CMBS Loans For Retail Buildings

Nav
How Can We Help
How can we help?
Call, email or request an online quote. It's your choice. We're here to help.
Call Today Give us a call 1-844-359-6413
Contact Us Contact us online or by email
Request a Quote Request an online quote
Brd
Conduit CMBS  Loans
Brd
Why Choose Crefcoa
Why Choose
Crefcoa's Capital Markets Conduit Lending Group has the experience and capital markets relationships necessary to properly structure your commercial real estate loan to ensure successful execution at the lowest fixed rates and costs in the market.
  • Competitive rates and terms
  • Knowledge and expertise
  • Certainty of execution
  • Convenient electronic loan process
Brd
Nav
Brdr

A Better Way To Get A CMBS Conduit Retail Center Loan

Crefcoa provides conduit CMBS retail loans through our proprietary online commercial real estate lending platform (CRELP). Through CRELP we are changing the way owners and investors obtain CMBS loans for retail centers. Unlock the full potential of your commercial real estate investment with a retail center CMBS loan that meets your individual needs and investment objectives with the most competitive rate and terms.

 

Crefcoa provides conduit CMBS loans for the acquisition or refinance of retail properties and shopping centers including: local or regional mall, grocery, big box, anchored, unanchored, shadow anchored, single and multi-tenant, and similar type properties.

 

Conduit retail commercial loans are provided for properties built post 1980, or older properties which have been renovated and have strong historical performance. Properties should have good visibility and access from major arterials, with strong demographic and sales trends.

 

Request a CMBS quote for your retail building, or visit the capital markets loan center or commercial loan center to learn more about all of our commercial loans for retail properties.

Brd
Brdr

CMBS Retail Property Loan Program Guidelines

The CMBS Loan Advantage
  • 30-year amortization
  • Up to 10-yr fixed rates
  • Up to 75% leverage
  • No restrictions on cash out refinances
  • Non-recourse
Eligible Properties Anchor retail: anchored by a major national retailer, department store, home improvement, grocery, drug, community centers, or discount retailer.

 

Shadow anchor: at least one anchor tenant that is not part of the collateral but close in proximity that provides a steady draw to the property. Tenant mix should be complementary.

 

Unanchored retail: strong desirable locations preferred with strong complimentary tenant mix where space is readily convertible to new tenants.

 

Investment grade and non-investment grade single tenant properties.

Borrowing Entity Requirements Bankruptcy-Remote SPE (special purpose entity). Entities may be corporations, limited liability companies or limited partnerships
Tenant Mix Tenant mix should be diverse yet complimentary. Major tenant lease should exceed the loan term. Properties with restaurants, fitness centers, dry cleaners and other similar business types may have underwriting restrictions.
Loan Size $3 million minimum
CMBS Retail Loan Interest Rates   Interest rates for CMBS retail property loans are based on an index (5 or 10-year Swap) plus a spread. Where the interest rate falls in the spread range depends on:
  • Loan size
  • Property (e.g. quality, location, tenant strength, lease terms)
  • LTV, DSCR and debt yield

 

View indicative interest rates for CMBS loans and conduit loan interest rates

 

Locations Retail, shopping center, strip center and out parcel buildings located in mid to large market sectors and small market sectors with strong sponsorship.
Loan-to-Value Up to 75%
Minimum DSCR 1.30-1.50 minimum
Fixed Terms 5 and 10-year fixed rate terms
Amortization 25-30-year amortizations
Minimum Debt Yield 8%-10%
Prepayment Defeasance or yield maintenance
Personal Guarantee Non-recourse subject to standard carveouts
Impounds Taxes, insurance, tenant improvements, replacement reserves, 125% of cost for needed repairs.
Preliminary Submission Package for a Conduit Retail Loan Include the following in your request for a conduit CMBS self storage facility loan quote:
  • Property description
  • Representative color photographs or property website
  • Current rent roll
  • YTD and two prior years income and expense statements
  • 12 month trailing income and expense statement
  • 12 month operating budget
  • Capital improvements summary
  • Sponsor resume outlining experience owning and operating commercial real estate
  • Management company bio
Brd
Brdr
Conduit CMBS loans for retail properties may not be available in all locations. Eligible property types, loan programs and program guidelines (including, without limit, minimum loan size, LTV, rates and terms) are subject to change without notice and may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Information provided is not an offer to make a loan and should be used for informational purposes only.
Brd
Brd