Bay Area Capital Funding Inc. provides commercial property 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. Properties can be corner “strip” center consisting of a single tenant building to a few stores; “neighborhood” center anchored by a known supermarket or drugstore chain; to the “regional” center anchored by major national or regional chain(s).

We provide a wide assortment of comprehensive financing programs. Our primary goal is to be your source for the financing of commercial loans. We provide creative solutions for commercial real estate investors across the nation. If you need to refinance an existing property or you need purchase money - we can help structure the terms that most suitably meet your needs.

Both traditional and stated income loans are available.

Retail Loan Guidelines:

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.

Tenant Mix

Tenant mix should be diverse yet complimentary.

Loan Size

$500,000 minimum

Pricing

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Location

Mid to large market sectors and small market sectors with strong history.

Loan Terms

5-10 year fixed terms with 25-30 year amortizations

Prepayment

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Personal Guarantees:

Non-recourse and recourse

Minimum DSC:

1.15 to 1.25

Loan-to-Value:

Maximum 80%

Rate Lock:

On approval

Occupancy Requirements

Stabilized properties preferred.

Impounds

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Preliminary Submission:

Include the following in your request:

1. Summary with property description and location map

2. Personal Financial statement

3. Representative color photographs

4. Current rent roll and year-to-date operating statement

5. Resume

6. Existing balance sheet

7. Current year operating statement

8. Operating history - prior 3 years, if available

9. Commercial Application