By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
An $8 million shopping center refinance typically fits a mid-market grocery-anchored or credit-tenanted retail center of 40,000 to 80,000 square feet. Most $8M shopping center refis fund through CMBS, life co, or specialty retail lenders depending on anchor mix.
Get a Quote on Your $8M Deal →$8M shopping center refinances fund as a single senior loan with structure depending on anchor tenant credit.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Typical $8M shopping center sponsors are private capital retail investors with 3 to 10 properties. Anchor tenant credit drives lender appetite.
On an $8.4M refinance of a 56,000 sq ft grocery-anchored shopping center in a Sun Belt suburban market with 12 years remaining on the anchor lease, the sponsor financed through CMBS at 7.05 percent fixed 10-year, 67 percent LTV ($5.6M).
Anonymized. All deal references protect borrower and lender identity.
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