Owner-occupied, or owner-user, means the sponsor's business occupies the property. Lenders treat that differently from a building leased to third parties. Banks and credit unions are the usual hold, because they will look at the operating company. Life company and CMBS prefer leased investment real estate and will decline a lot of owner-user files. Capital Market Funds will say which box is actually open instead of forcing an owner-user building into an investment-property quote.
The published Arizona owner-user origination is an office in Chandler with a coworking tenant, $15,600,000, 2022, prior firm. The card says owner-user. A Fresno, California cold-storage loan is also marked owner-user and is not an Arizona closing. We do not claim an SBA product. If a file needs a program we do not originate, we will say so.
If you lease the building to someone else and do not occupy it, use the investment-property page. The Block at Pima Center and the Airpark flex refinance are investment property, not owner-user, and they are not repeated here.
Sources for owner-occupied property
- Bank and credit union
The usual source for an Arizona owner-user building.
- Life company
Only when an insurance company will hold an owner-user file. Many will not.
- CMBS
Uncommon for pure owner-user. Possible when the rent roll is still the story.
- Investment property
The other intent: you do not occupy the building.