Cash-out in Tempe means the next loan pays off the existing note and funds proceeds above that payoff. The only Tempe card is exactly that purpose: single-tenant dental and medical office, $745,000, 2022, prior firm. The tenant and the remaining lease are why a small medical building could be financed. They are also why the next file has to bring its own lease.
Phoenix has two larger cash-outs, Harvard Court at $1,350,000 and industrial at $5,000,000. Those properties are not in Tempe. Putting them here would make this page look like a proceeds advertisement. They stay on Phoenix cash-out.
Cash-out is a proceeds question, not a synonym for refinance
Step 1
Name what the cash is for
A cash-out refinance distributes proceeds. The source will ask. We do not publish a proceeds table.
Step 2
Stay inside the cities that have a card
Published cash-out examples stay on the city the tombstone names. They are not reassigned to a city that has no card.
Step 3
Occupancy still gates the source
A permanent cash-out needs income in place. A transitional property is not written up as cash-out permanent debt.
Medical office is not HUD 232
A dental suite is not seniors housing. HUD 232 is residential care and is the wrong program for this building. The permanent paths for a Tempe medical cash-out are life company, bank, or CMBS when the lease supports them. The published card does not name which of those sources closed it, so we do not guess.
Owner-occupied and leased are different credits. Say whether the sponsor is the tenant. The Tempe medical office page is the property-type reading. This page is the cash-out use.
Proceeds the cards state
We do not publish a Tempe cash-out leverage. The $745,000 figure is the loan amount on that card, not a cap and not a quote. Appraisal, lease term, and the source's box decide the next proceed.
If the Tempe asset is an apartment and the cash-out is the point, it can be agency only when the program allows cash-out. We are not a DUS lender, and we do not have a Tempe multifamily cash-out to show.
Sources for a Tempe cash-out
| Source | When it fits |
|---|---|
| Medical office | Statewide medical office. The Tempe card is the published example. |
| Bank and credit union | A frequent fit for a smaller Tempe medical cash-out. |
| Life company | When the Tempe lease is long enough for an insurance-company hold. |
| Arizona cash-out | Phoenix and Tempe cash-outs on one statewide page. |