Retail Shopping Center Loans from $1,000,000+

Retail Shopping Center Loan Interest Rates - Rates updated February 24th, 2020

Loan Product Rates (start as low as) LTV Amortization
5 Year Fixed 3.85% Up to 75% Up to 30 years
7 Year Fixed 3.95% Up to 75% Up to 30 years
10 Year Fixed 4.04% Up to 75% Up to 30 years

Select Commercial has many different retail mortgage loan programs available for the purchase or refinance of retail shopping centers, retail strip malls, and retail properties. We lend nationwide and our minimum loan size starts at $1,000,000. Our shopping center lending program includes the following:


Multi-tenanted retail shopping centers that are located in suburban and urban locations with a minimum population of 50,000 people. We will consider anchored retail shopping centers with a major anchor tenant, un-anchored shopping centers, retail strip centers, and other retail properties consisting of multiple rental tenants. We prefer deals with good quality long-term tenants and a stabilized cash flow. However, we will consider all properties that make sense and have a good “story”.


Owner occupied retail stores are a big portion of our business. Many self-employed retail borrowers own their own property and often have difficulty obtaining bank financing for their properties. We are very eager to work with self-employed borrowers who own their own properties or are looking to purchase a property to house their retail business. We lend on all types of retail properties including special use and single use properties such as gas stations, free standing grocery stores, restaurants, and skating rinks, just to name a few. We will also work with self-employed borrowers on a “stated-income” basis, if needed.


Another very active area under our shopping center loan program consists of lending on NNN (triple net leased) properties that are leased to credit tenants. Some examples of these tenants include, CVS, Walgreens, AutoZone, Family Dollar, Starbucks, etc. We are very aggressive with our rates and loan terms with these types of single tenant credit tenants.


Very often, a shopping center suffers from high vacancy due to tenants that have moved out or when the property needs a cash infusion for tenant improvements. We are pleased to offer a bridge loan program to allow borrowers to access capital to renovate and upgrade their tenant base. Our bridge loan program is very helpful to owners who are looking to reposition their properties for the future.

Our Retail Shopping Center Loan Benefits

Retail Shopping Center Loan Rates start as low as 3.85% (as of February 24th, 2020)
• No upfront application or processing fees
• Simplified application process
• Up to 75% LTV (90% with SBA financing for owner occupied properties)
• Terms and amortizations up to 25 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation

Recent TRUSTPILOT Reviews

Select Commercial Funding Reviews from TRUSTPILOT

A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"


2020 Retail Shopping Center Outlook

While brick and mortar stores have had some difficulty in this new e-Commerce era, there are some reasons to look positively on the retail sector heading into 2020. Firstly, retailers and tenants are reporting both strong traffic and sales numbers. Back in October, Levin Management Corporation asked store managers in their 15 million square ft. portfolio about these two crucially important indicators. 71.4% of respondents reported either same or higher year-to-date sales -- a full 10 percent higher than the five-year period between 2013 and 2017. Similarly, about 68% of survey participants reported either same or higher store traffic in 2019. Secondly, independent retailers and small businesses have been increasingly active, particularly within the dining and personal services categories that can’t be acquired online. This is a very positive trend for shopping center investors. Mom-and-pop shops add a little bit of flavor to a property’s tenant mix, which is important today in creating a sense of diversity and appeal. In today’s economy, many shoppers want to patronize local businesses and support stores that offer unique services and products outside the norm. Thirdly, technology advancements are creating new opportunities for enhanced shopping center operation and marketing. Solar, LED lighting, automatic faucets are increasing sustainability by lowering expenses. The integration of digital tools with brick and mortar commerce is critical to creating both shopper interest and engagement. For these three reasons the retail sector is showing some positive signs as we head into 2020.

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