The City of Scottsdale calls the Airpark one of Arizona's largest employment centers. Much of the stock around the airport is smaller office and flex, including suites a business can buy and occupy. That owner-user condo is the classic 504 request in this city. A multi-tenant flex park the sponsor leases to others is an investment file, and 504 is the wrong label for it.
The only Airpark dollars on this site are three flex buildings, a life-company permanent refinance of $6,850,000 in 2019, originated at a prior firm. That card is not SBA 504. The Block at Pima Center is retail. Using either as a Scottsdale 504 closing would be false. The firm's own office is 7373 E Doubletree Ranch Rd #255, Scottsdale, AZ 85258. Suite 255 is the mortgage banker's office. It is not a bank branch and not a CDC.
Airpark owner-user versus the life-company flex loan
A 504 file here is the operating company in the suite, a bank or credit union in first position, and a CDC debenture behind it. We compare the first mortgage with a conventional Scottsdale bank quote. The life-company refinance stays a life-company refinance. It does not become the template for an owner-user condo.
North Scottsdale medical and professional buildings near the Mayo Clinic campus are a separate owner-user pattern, often a bank conversation without a debenture. Say which building. The Airpark corridor page is Scottsdale Airpark. Program rules are Arizona SBA 504.
Scottsdale does not get a rate because the office is here
We do not publish an SBA debenture rate, a bank coupon, or a project cost. The CDC and the SBA set the debenture. The bank sets the first mortgage. We compare. We do not claim a preferred-lender status.
Craig Hoebing is at (480) 495-8072. The form is a request to talk about a Scottsdale address the company occupies. It is not an SBA authorization.
Scottsdale 504 next to the Airpark life-company loan
| Source | When it fits |
|---|---|
| Arizona SBA 504 | Statewide structure. Scottsdale is the headquarters city, not a different program. |
| Scottsdale Airpark | Employment-center fact. The flex refinance is life company. |
| Scottsdale bank | One portfolio lien, without a CDC second. |
| Life company | The published Airpark flex loan. Not 504. |