Phoenix market context
- Five or more units, in-place income
- Phoenix multifamily bridge on this page is apartment collateral of at least five units. Sizing starts from income the rent roll supports now, not from a one-to-four-unit residential loan. Capital Market Funds, Phoenix multifamily bridge outline, October 2026
Sponsors who ask for a Phoenix multifamily bridge loan are usually holding, or buying, an apartment property that is not ready for a permanent lender. Units may still be leasing. A renovation may be unfinished. A floating-rate loan may be nearing a date the current lender will not extend without a new cap or a new reserve. This page does not claim a particular origination year is flooding the market. That vintage was not established by a source opened for this file. The property is City of Phoenix apartments, five or more units. The parent bridge note is Phoenix bridge. The statewide bridge note is Arizona bridge. The property-type page is Phoenix multifamily.
The loan is sized from in-place net operating income, not from a stabilized guess the appraiser has not signed. Interest reserves and capital-expenditure reserves are part of the sources and uses when the lender requires them. A floating-rate bridge often asks for an interest-rate cap. What that confirmation contains, and what an extension does to it, is interest rate caps on bridge loans. How Arizona apartment income is read, including the 2025 city-tax change on long residential rents, is Arizona multifamily underwriting. Neither note prints a coverage ratio.
The exit is an approved lender, not this office
Bridge is a path to a permanent loan. For stabilized conventional apartments the permanent conversation may be Fannie Mae or Freddie Mac, arranged with an approved lender, or a life company, or HUD if the program fits. The Phoenix agency note is Phoenix agency. The statewide Fannie Mae note is Arizona Fannie Mae. A supplemental loan behind an existing agency first, which is not the same thing as bridge, is multifamily supplemental loans. Capital Market Funds is not a Fannie Mae DUS lender and is not a Freddie Mac Optigo lender. If none of those permanent sources can ever fit the business plan, the honest answer is that bridge is the wrong tool.
Private lenders who fund bridge are not this firm. Calling the product hard money does not move it onto our balance sheet. It is also not a consumer loan and not a fix-and-flip of a house. Send the rent roll, the unit count, the current loan's maturity, and any cap confirmation you already have. If the unit count is below five, stop. This page will not be rewritten into a one-to-four-unit product.
What is not in the package on purpose
There is no interest rate, no cap premium, no strike that 'everyone' uses, and no loan amount. There is no claim that a syndicator wave from any year is the reason your property needs a bridge. If your story is a specific maturity and a specific rent roll, that is enough. Airport industrial property in Phoenix is a different collateral type and is not the lead fact on this page.
Craig Hoebing arranges the request from 7373 E Doubletree Ranch Rd #255, Scottsdale, AZ 85258, under NMLS 1445066. Sending the form is a request to talk. It is not an application and not a commitment to lend.
Bridge now, and the Phoenix takeout you name
| Source | When it fits |
|---|---|
| Bridge & Private | Phoenix apartment bridge is arranged with private lenders. Capital Market Funds does not fund that loan itself. |
| Fannie Mae | The takeout may be an agency loan through an approved lender. This office is not a DUS lender and not an Optigo lender. |
| HUD / FHA | HUD is a takeout only when the apartments fit a HUD program and a HUD-approved lender will make the loan. This firm is not a MAP lender. |