Acquisition & Loan Criteria
ACQUISITION CRITERIA
DPI Retail (and its subsidiary companies) is a multi-faceted real estate investment company with expertise in management, development/redevelopment, finance, and leasing. The firm’s focus is to manage, develop and/or renovate shopping centers to institutional quality standards to benefit the company, its tenants, and the communities it serves. DPI is actively looking for new opportunities for ground-up development or rehabilitation of existing, under-performing shopping centers in its target markets.
Target Purchases
Value-add retail centers, power centers, vacant retail buildings, development parcels or pads
Minimum Sizes
Neighborhood centers: 50,000+ SF
Regional power centers: 100,000+ SF
Retail development parcels: 3+ acres
Target Markets
Western United States
Demographics
Preferably master-planned communities and areas of high growth, education and homeownership.
Investment Quality
B- to A+ centers valued between $3,000,000 and $40,000,000
Minimum Submittal Requirments
Site plan, physical description, photographs, rent roll, Argus files, aerial photos, lease abstracts, tenant sales, sale & lease comparables, demographics and purchase terms.
LOAN CRITERIA
DPI Retail offers a comprehensive lending program aimed at facilitating various aspects of real estate transactions, including purchase, refinancing, and development. With a variety of loan options, the program is tailored to meet the diverse needs of borrowers and accommodate a wide range of real estate projects.
Loan Amount
$1,000,000 to $10,000,000
Loan Type
Acquisition, Refinance, Bridge, Construction, Mezzanine, Refinance, and Joint Venture
Lien Position
Preferred 1st or 2nd Deeds of Trust or Mortgages
Loan-to-Value
Up to 70% (combined LTV)
Loan-to-Cost
Up to 100%
Loan Term
6 months – 24 months (shorter or longer terms are available on a case-by-case basis)
Lending Territory
Western United States
Interest Rate
Competitive Market Rates
Origination Fee
1.00%+
Amortization
Deal Specific
Prepayment Flexibility
Flexible and structured for each deal
Property Types
Retail, Multi-family, Mixed-Use, Office, and Industrial
