Retail Property

Retail buildings are designed for retail sales and display and usually have display or decorative fronts. This retail classification encompasses a wide variety of uses including, but not limited to: Grocery Anchored Retail Malls, Unanchored Strip Malls, Convenience Stores, Drugstores, Big Box Retailers, Barber Shops, Laundromats, etc.

I will work with you to create the strongest possible loan package for the purchase or refinance of a retail property. As part of our underwriting process, we consider Market and Location considerations as well as the Property Conditions and Characteristics of the self storage property.

Market and Location Underwriting Considerations include:

  • “Safe” neighborhood near residential areas with high density

  • Adequate community services such as fire and police

  • Good visual exposure from adjacent streets and/or major freeways and highways.

Property Conditions and Characteristics Underwriting Considerations include:

  • Should have configuration for truck ingress, egress, accessibility and minimizing traffic flow congestion.

  • Store frontage, depth and overall size should be appropriate for the market.

  • Minimum parking ratio of 4.0 spaces per 1000 Net Rental Area. Higher parking ratios may be required for tenants with higher parking demands such as restaurants, theaters and grocery.

When you have a requirement for retail property loans, make sure to work with a Commercial Mortgage Planning Specialist that understands this particular market niche. The difference between a good loan and the BEST possible loan could mean tens of thousands of income to you over the years!

The Borrowing Process.

1. Contact

Call to discuss your financing needs, have questions answered and determine if K2 Commercial Finance is a good fit for your transaction. You’ll be best prepared to move forward quickly if you’ve already read our free report.

2. Submission

Send in the requested application paperwork. I won’t spin your wheels asking for more than is needed to get started.

3. Selection

One or more of our targeted lenders will hopefully provide you with a Letter of Interest. That’s when we’ll know specific terms you can expect.

4. Underwriting

Your lender will require additional paperwork and an appraisal to get your loan fully approved.

5. Closing

The day you receive loan proceeds and realize it was all worthwhile. We work for quick closings too, it’s the only time we’re paid.

Contact me today to discuss your loan options, for free.

Call me: (215) 230-1885

or

Email Me