First National Financial LP
industrial

Standard financing for industrial properties

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. 


First National’s standard financing programs are ideally suited for borrowers who are acquiring a new property or refinancing an existing one and want longer-term financing.

Standard financing terms are typically five years (shorter and longer options are available), feature a fixed interest rate and are usually closed to prepayment for the term’s duration. 

For industrial assets, this can mean properties that have one or multiple units typically leased to long-term tenants and demonstrate stable cash flow and consistent operating history. 

Owner-occupied assets are subject to analysis as is the historic financial performance of the borrower.

Specialized industrial assets can be considered but do introduce financing challenges as it is harder to devise contingency plans and find replacement tenants if required.


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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%

Latest resources and insights

Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.

Growth, Value and Risk

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In a decision sure to be cheered by property owners and businesses far and wide, the Bank of Canada today reduced its policy interest rate for the fourth time in 2024.

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First National reports on key CMHC updates to its multi-unit mortgage loan insurance programs
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Borrower perspectives

Borrower Perspectives: Rob Piroli, President, Piroli Group
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Capital Markets update

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Market Commentary: A catch-up and overview of the markets
First National’s, Jason Ellis, provides an overview as well as an update of the markets including rates, Government announcements and changes to the Commercial mortgages. Read an overview here.

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View other industrial mortgage solutions

Bridge financing

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. 

Learn More: Bridge financing

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.

Learn More: Asset repositioning

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. 

Learn More: Secondary financing

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.

Learn More: Development / Construction
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Sign up for Market updates

Economic and political developments – both in Canada and globally – can impact the commercial real estate market. First National experts follow these trends closely and provide honest, real and professional perspectives into what they could mean for your portfolio.

Subscribe