Intel has operated in Chandler since 1980 and runs two campuses there: the Chandler campus and the Ocotillo campus, about 700 acres of manufacturing in southwest Chandler. The City of Chandler treats Intel as a leading employer. That fact matters for bank credit because suppliers, contractors, and professional firms occupy their own buildings along Price Road and near Chandler Municipal Airport. Those owner-user buildings are the usual bank file. Intel's fabs are not a loan we are showing.
The published Chandler cards are a 2019 Class A office bridge of $14,000,000 in the Price Road Corridor and a 2022 owner-user office of $15,600,000 with a coworking tenant. Neither card names a bank. The owner-user building is the occupancy a bank often likes, and the missing label means we still do not call it a bank closing.
Owner-user Chandler versus the Price Road bridge
A bank quote on a Chandler building the sponsor occupies is underwritten to the operating company as well as the rent. Recourse is usually on the table. The 2019 Price Road loan was a bridge on Class A office, which is transitional credit, not a portfolio hold to copy. Stabilized Chandler industrial or a leased professional building can be a bank, life company, or CMBS comparison. We will say which box is open.
We are not a Chandler bank and we do not take deposits. The city hub is Chandler. The corridor note is Price Road.
Chandler amounts that do not move onto a bank page
Both office dollars stay office dollars. Tempe's dental refinance is not Chandler. The Midwest bank acquisition of $21,700,000 is not Chandler. There is no Chandler bank volume on this site.
If the sponsor occupies the building and wants the SBA structure compared with a conventional bank first mortgage, that page is SBA 504. Conventional owner-user bank debt is owner-occupied bank loans.
City context on a Chandler bank quote
- Price Road
- The Price Road corridor is the Chandler office submarket already named on the two published Chandler originations. A Price Road office loan is not a Chandler apartment loan and not a Mesa loan. City of Chandler
Chandler capital we compare with a bank
| Source | When it fits |
|---|---|
| Arizona bank | Statewide portfolio comparison for a Chandler address. |
| Chandler bridge | The $14,000,000 Price Road card. It says bridge, not bank. |
| Chandler office | Both Chandler cards. Neither is labeled bank. |
| Life company | The permanent alternative when the roster is core. |