A Phoenix sponsor comparing agency executions is usually holding apartments: acquisition, refinance, or a takeout after bridge. Fannie Mae is the conventional permanent path. Freddie Mac Optigo is the comparison, including targeted and value-add when that box still fits. HUD 223(f) or 221(d)(4) is the path when the process is worth the term. We place each of those with the party who executes it.
No Phoenix tombstone is an agency loan. Harvard Court is multifamily in Phoenix, $1,350,000, cash-out refinance, 2022, and the card does not name Fannie Mae, Freddie Mac, or HUD. The Phoenix industrial loan is life company. Using either dollar as agency production would be false.
Investor-owned Phoenix apartments
Agency debt on this desk is for a sponsor who owns or is buying income property, not a consumer mortgage. Send the unit mix, occupancy, and whether the job is a purchase or a refinance. A cash-out is allowed only when the program allows it. Harvard Court does not prove an agency cash-out.
Class B garden product and a newer Phoenix community are both eligible only if that program's credit box says so. We do not rank submarkets, and we do not publish a Phoenix agency coupon.
What is not Phoenix agency debt
Retail, industrial, self-storage, and office are not Fannie Mae or Freddie Mac assets. Life company, bank, and CMBS are those conversations. Phoenix life company is the industrial card. Bridge is the file that is not permanent yet, including value-add apartments before an agency takeout. We are not a DUS lender on the takeout either.
The statewide umbrella is Agency in Arizona. Program pages are Phoenix Fannie Mae, Phoenix Freddie Mac, and Phoenix HUD.
The three Phoenix agency paths
| Source | When it fits |
|---|---|
| Phoenix Fannie Mae | Conventional permanent apartments in the city. Not a DUS lender. |
| Phoenix Freddie Mac | Optigo conventional, targeted, and value-add. Not a Seller/Servicer. |
| Phoenix HUD | 223(f) and 221(d)(4), with a HUD-approved lender. Not MAP or LEAN. |
| Phoenix bridge | The transitional hold before an agency takeout is real. |