Asset-class underwriting

Retail Property Financing

Retail property financing is often influenced by tenant quality, lease expiry, vacancy, location, property configuration, operating history and the borrower or sponsor behind the transaction.

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Before proceeding: These guides explain general financing considerations. Confirm current service availability, lender requirements and the professional handling your transaction before making a commitment.

Underwriting questions

What can matter for this property type?

Tenant concentration and lease rollover
Occupancy and rental income
Location and trade-area context
Property operating expenses
Valuation and leverage
Borrower/sponsor strength

Review tenant concentration and rollover

Show how much income comes from each tenant and when leases expire. Identify incentives, unpaid rent, renewal options and costs associated with attracting replacement tenants. Build a cash-flow case that allows for vacancy and reletting work. A fully leased property today can still have material income risk during the proposed loan term.

Further reading

Content reviewed September 9, 2026. These resources provide background; individual lender requirements and property circumstances differ. Illustrative calculations are examples, not financing offers.

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