Retail Property Loans in Florida

Florida retail — recent closings (May 2026): mostly mid-to-high 6s (roughly 6.3%–7.4%) fixed for permanent financing, priced over the 5-year Treasury at about +2.0–2.7%. $5M–$30M · 15–30 day typical close.

The figures above reflect actual, recently closed commercial real estate transactions and are accurate as reported as of May 2026. They are historical market data — not an indication or offer of the rate or terms you will receive; your terms depend on the property, sponsor, market, and lender underwriting and will vary. Northern Ridge Capital arranges commercial real estate financing only (no residential) and is a licensed mortgage broker (CA DRE #02093377), not a lender. See full disclosures.

Retail financing is more lender-selective than multifamily or industrial, which is exactly why the lender you choose matters most. A grocery-anchored center and a tenant-in-tow strip get priced by completely different lenders. Northern Ridge Capital places $5M–$30M retail debt across Florida — grocery-anchored, unanchored strip, single-tenant NNN, and mixed-use — by matching your center to the lenders who actually want that tenant profile. We’re a broker, not a lender.

Stop wasting deals on the wrong lenders

With retail, tenant quality is everything, and lenders disagree sharply on how to value it. One bank passes on your center; another competes hard because they like the grocery anchor or the credit tenant. Banks, credit unions, CMBS, and debt funds all underwrite Florida retail differently — and in Florida, insurance cost and storm exposure add a layer most out-of-state lenders price clumsily. We position your property for the lenders most likely to win it from a network of 700+, and run them against each other on rate, leverage, recourse, and term.

Typical Florida retail terms

Structure shown is typical, not a quote or commitment; actual terms are set by third-party lenders subject to underwriting. See disclosures.

When it fits

Acquisition

Buying a Florida retail center? The buyer who lines up the right debt early, and can close on time, wins. We make sure financing isn’t what loses you the deal.

Refinance / maturing loan

Loan maturing into a higher-rate market? Retail especially rewards a competitive process, because lender appetite varies so widely. We run the market so you refinance on the best available terms, not your current lender’s first offer.

Permanent / stabilized

Holding a stabilized, well-leased center long-term? CMBS and bank options can lock competitive fixed rates, especially with a strong anchor or credit tenant.

Value-add, lease-up, or repositioning

Backfilling a vacancy, re-tenanting, or repositioning? A bridge lender who underwrites the leasing plan, then a permanent takeout once the rent roll firms up.

The Florida market right now

Florida retail rides years of population and small-business in-migration, which keeps necessity and grocery-anchored centers in demand and vacancy tight in the strong submarkets. The complication is on the cost side: property-insurance premiums and storm risk now weigh heavily in underwriting, and lenders differ a lot in how they treat them. The owners who do best take their center to lenders who actually understand Florida insurance and tenant dynamics, instead of accepting one bank’s cautious read. That’s the process we run for you.

How we place Florida retail debt

We’re a debt brokerage with $600M+ in deal experience across underwriting and brokerage. We underwrite your center the way lenders will — anchor, rent roll, lease terms, co-tenancy, insurance — take it to the ones actively competing for Florida retail from a network of 700+, and run it to close, typically 15–30 days. You get options and leverage, not a single take-it-or-leave-it term sheet.

Florida retail loans — FAQ

What rate can I get on a Florida retail loan?

In our closing data, recent loans here have run mostly mid-to-high 6s (roughly 6.3%–7.4%) fixed for permanent financing, priced over the 5-year Treasury at about +2.0–2.7% (May 2026). These are actual closed transactions, not an offer — your rate depends on the asset, leverage, and sponsor. Contact us for a live quote.

How fast can it close?

15–30 days is typical on a clean, lender-ready file, which on acquisitions can be the difference between winning and losing the deal.

How much can I borrow?

Northern Ridge Capital places retail debt from $5 million to $30 million, commonly up to ~60–70% LTV, tenant- and deal-dependent.

Does Florida insurance cost affect my financing?

Yes — meaningfully. Rising premiums and storm exposure factor into how lenders underwrite Florida retail, and they treat it very differently. Matching you to lenders who price Florida risk fairly is a real part of the job.

Can you finance single-tenant NNN retail?

Yes. Single-tenant net-lease retail is its own lending niche, priced largely off the tenant’s credit and lease term. We take it to the lenders who specialize in it.

Is Northern Ridge Capital a lender?

No. We’re a commercial mortgage broker (CA DRE #02093377). We place your deal with the right lender from a network of 700+ and make them compete. Commercial real estate only.

Do you only work in Florida?

We place debt nationwide within our licensed footprint, with deep focus in California, Texas, Florida, Georgia, and Indiana.

About

Justin Ashcraft is the principal of Northern Ridge Capital, a commercial real estate debt brokerage placing $5M–$30M in multifamily, retail, industrial, and SBA financing nationwide within its licensed footprint, with $600M+ in deal experience across underwriting and brokerage. Licensed in California, DRE #02093377.

Northern Ridge Capital is a licensed commercial mortgage broker (CA DRE #02093377), not a lender, and arranges financing on commercial real estate only (no residential). Rates and figures reflect actual closed transactions as of the date noted and are not an indication or offer of terms. For informational purposes only; not financial, legal, or tax advice. Full disclosures.