Retail & Shopping Center Loans

Retail Loan Rates & Terms

• Loan amounts from $1,500,000, no maximum
• Up to 75% LTV, up to 90% with SBA for owner-occupied retail
• Purchase, refinance and cash-out
• Terms and amortizations up to 30 years
• No upfront application or processing fees
• 48-hour written pre-approvals, no cost or obligation

Rates are indicative and update with the market. Request a quote for a written rate on your property.

Compare Your Retail Loan Options

As a broker we compare every lender type and route your deal to the best fit. Typical starting points:

Life insurance company financing is also available for well-located, grocery-anchored and credit-tenant retail at the lowest long-term fixed rates. Most retail lenders look for a debt-service-coverage ratio (DSCR) of about 1.25 to 1.35, and SBA owner-occupied financing requires your business to occupy at least 51% of the space.

Retail Properties We Finance

Select Commercial has many retail mortgage programs for the purchase or refinance of retail shopping centers, strip malls and retail properties nationwide, from $1,500,000. Our shopping center lending program covers four main situations:

• Multi-tenant retail centers in suburban and urban locations with a minimum population of roughly 50,000 people. We consider anchored centers with a major anchor tenant, un-anchored centers, strip centers and other multi-tenant retail. We prefer good-quality long-term tenants and stabilized cash flow, but we will consider all properties that make sense and have a good story.
• Owner-occupied retail stores, a big part of our business. We work with self-employed retail borrowers who own or are buying the property for their own business, including special and single-use properties such as gas stations, free-standing grocery stores, restaurants and skating rinks. We can work on a stated-income basis where needed, and offer up to 90% financing through SBA.
• NNN credit-tenant retail: single-tenant, triple-net-leased properties leased to investment-grade national credit tenants across the pharmacy, auto-parts, discount, quick-service and coffee sectors. We are very aggressive on rates and terms for these credit-tenant deals.
• High-vacancy or repositioning centers: when a center has vacancy from departed tenants or needs a cash infusion for tenant improvements, our bridge loan program provides capital to renovate, upgrade the tenant base and reposition the property for the future.

Retail Real Estate: 2026 Outlook

The retail market continues to adapt to shifting consumer behavior, but the supply-demand backdrop is unusually favorable for owners in 2026. Years of almost no new construction have left well-located centers with very low vacancy and steady pricing power.

Vacancy stays historically low. Retail availability is expected to rise only modestly and peak below 4.4% in the second half of 2026, among the tightest of any property type, which supports occupancy and renewals for quality centers.

Almost no new supply. New retail construction is projected to fall about 37% in 2026, with only around 2 million square feet delivered in the first quarter and the active pipeline representing less than 0.3% of existing inventory. That structural scarcity underpins rents and values.

Steady rent growth. National retail rent growth is running near 2% in early 2026, with Sun Belt and high-income suburban corridors outpacing the average as tenants compete for limited prime space.

Essential and grocery-anchored lead. Grocery-anchored, neighborhood and strip centers are positioned to outperform on both occupancy and rent growth, and risk-adjusted returns for well-located grocery-anchored and open-air centers look especially attractive this year. Restaurants, discount retailers and grocery operators are leading tenant expansion, while apparel and electronics contract.

What it means for financing. Lenders favor centers anchored by essential and grocery tenants, single-tenant properties with strong credit, and owners who can show stable, adaptable cash flow. Value-add and high-vacancy centers are best matched to a bridge loan with a repositioning plan.