Scottsdale market context
- Airpark and the airport
- Scottsdale Airport anchors the Airpark employment district. Flex and industrial around that airport are a different file from Old Town retail or a north Scottsdale apartment. The published Airpark flex loan stays a Scottsdale industrial fact, not a template for every north Scottsdale asset. City of Scottsdale Airport
Permanent Scottsdale debt is originated from the office that is already here: 7373 E Doubletree Ranch Rd #255. Life company is the source on the one permanent refinance we can show. Bank, CMBS, and, for apartments, agency or HUD are shopped when the asset is something else. We do not publish a Scottsdale coupon.
That origination is three flex industrial buildings in Scottsdale Airpark, $6,850,000, permanent refinance, life company, 2019, prior firm. The Block at Pima Center, $14,500,000, is an acquisition on a ground lease. It may have been long-term debt, but the card does not call it a permanent refinance, and it is not stacked here.
Airpark flex is not every Scottsdale permanent loan
Airpark flex has a higher office finish than a bulk warehouse, and the published loan treated it as industrial. A Kierland or downtown Scottsdale office building is a different rent roll and is not this card. Office without a Scottsdale tombstone is discussed on the Scottsdale office page.
A permanent takeout after bridge is a new loan. The Airpark card was already permanent. We will not describe 2019 as a bridge exit.
Apartments and the permanent box
No Scottsdale multifamily dollar is published. Stabilized Scottsdale apartments can still be Fannie Mae, Freddie Mac, HUD, or life company. Capital Market Funds is not a Fannie Mae DUS lender. The Airpark loan is not an agency loan.
Rate-and-term detail for the Airpark card also sits on Scottsdale refinance. This page is the permanent question: term, hold, and whether the asset is actually a permanent file.
Sources for Scottsdale permanent debt
| Source | When it fits |
|---|---|
| Life company | The Airpark refinance was life company. Lock is typically at application on this kind of asset. |
| Bank and credit union | A Scottsdale permanent loan that belongs on a portfolio. |
| CMBS | When life company proceeds will not reach a stabilized Scottsdale asset. |
| Scottsdale industrial | Flex and Airpark industrial, including the published refinance. |