Phoenix market context
- Two 2026 valley warehouses, amounts omitted
- REBusinessOnline on 21 January 2026 described a 79,000-square-foot Southwest Valley industrial building and a 113,000-square-foot Northwest Valley warehouse, both fully leased, refinanced with one life-company lender on a fixed, full-term interest-only structure. REBusinessOnline, 21 January 2026, Gantry metro Phoenix industrial refinancing
REBusinessOnline reported on 21 January 2026 that Gantry had secured two permanent loans for one borrower refinancing maturing debt on two metro Phoenix industrial properties. The first is described as a 79,000-square-foot modern industrial building with a fenced truck court in the Southwest Valley submarket of Phoenix. The second is a 113,000-square-foot modern warehouse in two buildings in the Northwest Valley of Phoenix. The article says both were fully leased to long-term tenants. Both loans came from one correspondent life-company lender, were full-term interest-only, and were fixed rate. Gantry was to service them. The borrower is described as a private real estate investor. Brokers named in the article were Tim Storey, Chad Metzger, and Andrew Christopherson. The headline amount is omitted on purpose. This is a reported third-party financing, not a Capital Market Funds closing, and it is not a quote for the next warehouse.
That article is useful because it shows a shape: stabilized, leased industrial income moving from maturing debt to a life-company hold with interest-only payments and a fixed rate. It does not show a flex building, a vacant bay, or a yard. Those are different collateral. Bulk distribution in the city is Phoenix industrial. Shallow-bay and flex is Phoenix flex industrial. Yards are Phoenix industrial outdoor storage. The parent refinance page is Phoenix refinance.
What lenders ask, without a clear-height rule
A bulk warehouse, a flex building with small suites, and a yard with tenants who store vehicles or materials outside do not share one rent roll. Lenders ask about tenant credit, about when the leases roll, and about clear height and truck courts on buildings where those features matter. This page does not publish a clear-height minimum or a coverage ratio. The arithmetic, if you want to test numbers you type yourself, is the DSCR calculator. The life-company path in general is life company loans. A conduit, if the insurance company will not hold the rollover, is Arizona CMBS.
Chandler office and flex along Price Road is a different city and is refinanced on Chandler refinance. Casa Grande industrial land, including the area around a county-leased manufacturing site, is Casa Grande. A Scottsdale Airpark building that wants a carrier hold is Scottsdale life company. Do not paste the Southwest Valley square footage onto those addresses.
Interest-only and a fixed rate are the article's words
The January 2026 article says the two loans were full-term interest-only and fixed rate. That is a description of those two loans. It is not a promise that the next Phoenix industrial refinance will be interest-only, and it is not a coupon. A sponsor who needs amortization, or who needs a bank that will accept nearer-term rollover, is in a different conversation. Bring the existing note so prepayment can be read before anyone shops a new lender.
Capital Market Funds arranges the refinance. It is not Gantry, not the life company in the article, and not the borrower. It is not a bank. Capital Market Funds is not a Fannie Mae DUS lender. Industrial property is not an agency apartment. The office is in Scottsdale. The properties in the article are in Phoenix.
Life company, conduit, or bank for a Phoenix warehouse
| Source | When it fits |
|---|---|
| Life Company | The January 2026 Phoenix example was a correspondent life company. The next warehouse still has to fit a carrier. No coupon is printed. |
| CMBS | A conduit is the Phoenix industrial alternative when rollover or proceeds will not sit with a life company. |
| Bank | A bank refinance fits a smaller Phoenix flex or IOS property whose sponsor wants a relationship hold. |