Nearctic Industrial REIT Secures Three-Year Bank Financing for Hunter Industrial Property in Grimsby, Ontario
January 8th, 2026Nearctic Industrial Real Estate Investment Trust (“Nearctic” or the “REIT”) is pleased to announce that it has successfully secured three-year traditional bank financing for Hunter, its modern, multi-tenant industrial property located in Grimsby, Ontario. The new facility replaces existing bridge financing and was completed at a highly competitive interest rate of approximately 5.0%, with a loan-to-value ratio of 66%.
The financing represents a key milestone for Hunter and reflects the strength of the asset, the quality of its tenant roster, and the successful execution of Nearctic’s redevelopment and stabilization strategy. Transitioning from short-term bridge financing to term bank debt materially strengthens the property’s capital structure and enhances cash flow stability.
“This financing is a strong validation of both the Hunter asset and our operating platform,” said James Jung, President of Nearctic Industrial REIT. “Securing three-year conventional bank financing at a conservative loan-to-value underscores lender confidence in the property’s fundamentals, our leasing execution, and the long-term demand for modern, small- to medium-sized bay industrial space in supply-constrained markets.”
Hunter is a modern, multi-tenant industrial facility purpose-built for small- to medium-sized bay users and is currently undergoing a comprehensive redevelopment and demising program. The program is expected to be substantially completed by March 2026, with 100% lease commitments in place and final landlord improvements progressing as planned. Upon full stabilization, Hunter is expected to deliver stable income and support long-term value creation for Nearctic unitholders.
Nearctic continues to actively manage its balance sheet with a focus on prudent leverage, disciplined capital allocation, and financing structures that support sustainable growth and resilient returns.
About Us
Nearctic REIT focuses exclusively on acquiring, managing, and optimizing high-quality, multi-tenant, industrial assets across key markets. Our portfolio is designed to generate stable income and long-term capital appreciation through strategic acquisitions, proactive leasing, and operational excellence.