Property type
Retail loans, matched to your deal
A retail loan finances shopping centers, strip centers and single-tenant retail buildings, underwritten on the rent roll and on how durable that income looks against the way people shop in the surrounding trade area. Anchor tenancy drives much of it: a grocery-anchored center and an unanchored strip of small units are read as different risks even when their current income is similar, and programs vary widely on which they prefer.
- 5,000+loan programs screened
- 5–8matches on a typical deal
- $0 upfrontto submit and compare offers
- 0.50–1.00%broker fee, paid only at closing
Who is a retail loan actually for?
Owners and buyers of neighbourhood and strip centers, single-tenant net-leased buildings, and larger anchored property. It spans stabilised assets bought for income and centers being repositioned through re-tenanting, and the two draw different programs because one is quoted on history and the other on a plan.
What do retail lenders disagree about?
Tenant mix and the trade area behind it. Programs differ on how much credit they give a national covenant against local operators, on how they treat centers with meaningful near-term expiries, and on which categories they consider resilient. A center anchored by a grocer sits comfortably with programs that will decline an unanchored strip outright, and the reverse also happens where a lender prefers small-unit diversification to one dominant tenant.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 5,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is $0 upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- Rent roll, tenant mix and the expiry schedule
- Anchor tenancy, and what the center looks like without it
- Trade area demographics and the competing supply nearby
- Category exposure across the tenant base
- Capital needs, including any re-tenanting already planned
Frequently Asked Questions
Does an anchor tenant make financing easier?
Often, because it stabilises footfall for the rest of the center. It also concentrates risk in one lease, so programs weigh it differently and some price the anchor expiry closely.
How is single-tenant net-leased retail underwritten?
Largely on the tenant covenant and the remaining lease term, since the building is effectively a stream of payments from one occupier. The property itself matters most in the scenario where that tenant leaves.
Can I finance a center with vacancy?
Yes, generally through bridge or value-add programs underwritten to a lease-up plan. The leasing strategy and the capital behind it become central to the file.
Do lenders avoid retail?
Some programs have narrowed what they will consider, others actively seek well-located centers. Appetite differs enough between desks that a single decline says little about the deal.
How do near-term lease expiries affect terms?
They tend to shorten the view a lender takes and can affect structure, particularly where an anchor is involved. Showing renewal discussions in progress changes the conversation.
Is a restaurant or gas station treated as retail?
Both are usually treated as special-purpose property rather than general retail, because the fit-out narrows the pool of replacement tenants. Fewer programs cover them and the terms reflect that.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs $0 upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Next step
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.