01Size the deal
Retail & Office Financing in St. Catharines, ON
Capitalor facts
- The Capitalor Commercial Debt Rate Index prices retail & office financing in St. Catharines at 5.60% indicative.
- St. Catharines scores 100 on the Capitalor Lender Density Score with 16 tracked lenders and brokers.
- The average St. Catharines commercial transaction of $2,600,000 supports roughly $1,560,000 of senior debt at 60% LTV.
Indicative rate
5.60%
Lender density
100
Avg deal size
$2,600,000
Cap rate seed
6.3%
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: Retail & Office Financing · St. Catharines, ON · Tier 2 market
Inputs: Benchmark + 245 bps spread, 16-lender census, 6.3% cap-rate seed
Next scheduled review: 2026-09-14
retail & office financing in St. Catharines prices off the Government of Canada 5-year benchmark bond yield plus a 245 bps retail & office financing spread, landing at 5.60% indicative. Term debt underwritten on tenant covenant and lease rollover risk. On the $2,600,000 average St. Catharines transaction, a 60% advance is $1,560,000, carrying $129,832 of annual debt service on a 20-year amortization and a 5-year term.
Coverage binds before leverage here. At a wide 6.3% cap rate the asset throws off roughly $163,800 of NOI, which supports $1,457,883 at the 1.35x floor — about $102,117 below the 60% LTV ceiling. Underwrite to the coverage number and treat the LTV cap as a secondary test, or bring the gap in equity.
St. Catharines scores 100 on the Capitalor Lender Density Score — a deep market, with 16 tracked lenders and brokers against 4,000 commercial buildings. Expect competitive tension on well-covenanted paper: quote at least three lenders before accepting a spread.
Stress the file before a lender does. Holding the $1,560,000 loan constant, coverage falls to the 1.35x floor at roughly 4.79% — 0.00% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this St. Catharines deal survives renewal.
How these figures were produced
- Observed — Recorded directly from the cited source series, unadjusted.
- Modelled — Derived arithmetically from observed inputs using the published method; not a market quote.
- Baseline seed — A documented starting estimate awaiting first observation. Treat as an order-of-magnitude figure only.
Benchmark: GoC 5-year at 4.45% — observed from the Bank of Canada Valet API on 2026-08-12. Spread, LTV and DSCR figures on this page are modelled from that benchmark.
What does retail & office financing cost in St. Catharines?
Indicative pricing sits at 5.60% with a 1.35x coverage floor and 60% LTV cap. On the $2,600,000 average St. Catharines deal that is $1,457,883 of proceeds, bound by coverage, at $129,832 of annual debt service.
02Stress the debt
10 observations from 2026-06-10 to 2026-08-12. Net move +0.00 percentage points. Capitalor never deletes an observation.
Loan and NOI held constant. Where the curve crosses the floor line is the rate at which this deal stops covering its debt service.
DSCR calculator
Preset to Retail & Office Financing, St. Catharines
Annual debt service
$129,832
DSCR
1.26x
Below lender threshold
Max loan at 1.35x
$1,457,883
LTV calculator
Preset to Retail & Office Financing, St. Catharines
Current LTV
60.0%
Inside lender band
Max loan at cap
$1,560,000
Equity required
$1,040,000
03Compare lenders
Capitalor Lender Density Score — St. Catharines
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 23
- Observed
- Commercial buildings
- 4,000
05Decide
Debt scope builder
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04Choose city
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ActQuestions
What rate should I expect on retail & office financing in St. Catharines?
5.60% indicative — the Government of Canada 5-year benchmark bond yield plus a 245 bps retail & office financing spread. Individual quotes move with covenant strength, asset quality, and sponsor track record, and St. Catharines's deep lender market widens or narrows that dispersion.
How large a loan does a typical St. Catharines deal support?
On the $2,600,000 average transaction, a 60% advance is $1,560,000. Coverage separately caps the loan at $1,457,883 using $163,800 of NOI against a 1.35x floor, so the binding number is $1,457,883.
Does coverage or leverage bind first on this product in St. Catharines?
Coverage. The 6.3% cap rate leaves the DSCR test binding roughly $102,117 below the 60% LTV ceiling, so extra appraised value will not buy extra proceeds.
What is the annual debt service at that loan amount?
$129,832 per year — $10,819 monthly on a 20-year amortization at 5.60%, against a 5-year term.
How much rate headroom is there before the deal breaks coverage?
Roughly 0.00%. Holding the loan and NOI constant, coverage reaches the 1.35x floor at about 4.79% — the number that matters at renewal.
How many lenders write this product in St. Catharines?
Capitalor tracks 16 active lenders and brokers in St. Catharines, a Lender Density Score of 100 against 4,000 commercial buildings — a deep market.
Is this pricing a quote?
No. It is an index benchmark published for comparison, not an offer of credit. Capitalor does not originate, broker, or place debt.
How often does this page change?
Benchmark rate observations refresh each business day; the lender census refreshes monthly; cap-rate and transaction seeds refresh quarterly. Nothing is deleted from the series — revisions are appended so prior observations stay auditable.
Can I export these numbers?
Yes. The debt scope builder on this page exports a term-sheet-ready PDF from your own inputs. No email, no account, no gate.
Sources
- [1] Bank of Canada — benchmark rate series — Government of Canada 5-year benchmark bond yield and policy rate; refreshed each business day
- [2] Statistics Canada — census of population — St. Catharines population base (136,803)
- [3] Capitalor lender census — 16 lenders and brokers observed writing in St. Catharines; refreshed monthly
- [4] Capitalor transaction sampling — St. Catharines average deal size $2,600,000 and 6.3% cap-rate seed
- [5] Capitalor Commercial Debt Rate Index — Retail & Office Financing spread of 245 bps over the 5-year benchmark
Not advice — Capitalor is a data publisher. We do not originate, broker, arrange, or place debt, and nothing here is an offer of credit, a quote, or financial advice. Figures are indicative benchmarks for comparison and must be confirmed with a licensed lender or mortgage professional before you rely on them. About Capitalor