Community/Retail strip center bridge — anyone doing these? What's the LTV?
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Candace Holtbroker
Mar 22, 2026 at 8:00 AM
Retail strip center bridge — anyone doing these? What's the LTV?
I have a borrower who wants to acquire a 12-unit retail strip center in suburban Atlanta. 85% occupied, strong anchor tenant (national chain), asking $3.8M. They want to bridge while they stabilize the remaining 15% vacancy and then refi into permanent financing. Which lenders are active on retail CRE bridge and what LTV can I expect?
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Paul WhitmorelenderMar 22, 2026 at 10:00 AM
Candace, retail is tricky right now — most bridge lenders are cautious on retail CRE given the broader sector headwinds. That said, a strip center with a national anchor at 85% occupancy is a different story than a struggling mall.
At Whitmore, we'd look at this at 65% LTV max on current value. The national anchor is a significant positive. The 15% vacancy needs a realistic lease-up plan with timeline. DM me the rent roll and T-12.
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Kevin ParkbrokerMar 22, 2026 at 11:00 AM
65% LTV sounds right for retail. Don't expect more.
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Candace HoltbrokerMar 22, 2026 at 12:00 PM
Paul — DMing you the package now. Kevin — noted on the LTV expectation. I'll set that expectation with the borrower.