Bridge financing for industrial properties

First National’s bridge loan terms usually range from three months to three years, include floating interest rates and allow some form of early prepayment. Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or complete operational improvements.

First National’s bridge loans are ideal for borrowers who have yet to secure standard financing or who need the time and flexibility to plot a better future for their industrial property assets.

Our bridge loan terms typically range from three months to three years, include floating interest rates and allow some form of early prepayment.

Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.

Additionally, a bridge loan can be used opportunistically to execute an operational strategy to enhance the value of the property. For industrial assets, short-term financing may be a strategic solution if many of the property’s leases are approaching maturity. This flexibility enables borrowers to negotiate new leases or acquire new tenants, ultimately positioning the property more positively for standard financing.

Consistent cash flows, strong operational history as well as the borrower’s net worth and liquidity are key considerations for this type of financing.

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Smart risk solutions in action for industrial

See how we’ve applied our financing products innovatively to help industrial borrowers achieve their goals with performance and value.

Refinance of an industrial building

$21.6 Million
1 unit
Longueuil, Quebec

Conventional Mortgage
7 years term, 25 years amortization
LTV: 63.28%

Loan proceeds shall repay existing debt with the remaining to be used as an equity takeout to complete capital improvements at the property

$16.5 Million
126,324 sq. ft.
Vancouver, British Columbia

Industrial - Equity Take-out
5 years term, 25 years amortization
LTV: 55.29%

To facilitate the purchase of industrial and industrial/flex properties in the Ottawa area

$85 Million
692,631 sq. ft.
Ottawa, Ontario

Industrial purchase
5 years term, interest only amortization
LTV: 93%

New conventional first mortgage to place term debt on the subject property facilitate the purchase of the property

$37.2 Million
156,865 sq. ft.
Abbotsford, British Columbia

Loan financing first mortgage loan
3 years term, Interest only amortization
LTV: 64.4%

Refinancing existing loan on industrial space with office and showroom

$3 million
18,500 sq ft
Vaughan, Ontario

Conventional refinancing
5 years term, 25 years amortization
LTV: 67%

Loan used to refinance two industrial buildings and to withdraw equity

$12 million
170,890 sq. ft.
Laval, Quebec

Conventional refinance first mortgage
2 years term, 25 years amortization
LTV: 75%

Conventional first mortgage loan used to assist in the purchase of the industrial property

$10 million
65,821 Sq. ft.
Waterloo, Ontario

Conventional First Mortgage
5 years term, 25 years amortization
LTV: 63%

A new conventional first mortgage to recapture the amount spent on the purchase of the property and equity take-out

$3 million
29,032 sq. ft.
Vaughan, Ontario

Conventional first mortgage
5 years term, 25 years amortization
LTV: 59%

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View other industrial mortgage solutions

Standard Financing

First National’s standard financing programs are favoured by borrowers when acquiring a new property or refinancing an existing building. Loan terms typically range from three to five years, have a fixed interest rate, and are closed to prepayment for the term’s duration.

Asset repositioning

First National enables owners to access a property’s equity for a short term, typically two years or less, to fund capital improvements or repairs without the need to raise capital from personal sources or less flexible, higher-cost alternatives.

Secondary financing

A First National second mortgage enables borrowers to access the equity in a property and use it to purchase another asset or renovate/repair their existing property.

Development / Construction

A First National construction loan provides funds to cover the cost of building or rehabilitating a property with terms typically of three years or less.