Avondale sits between Phoenix and Goodyear. The files that show up are neighborhood retail on the main corridors, garden apartments, and smaller flex buildings that serve the west side. That is a different rent roll from the Tolleson warehouse belt next door, and it is a different city from Phoenix even when the property line is close.
Permanent debt for a stabilized Avondale asset is usually life company, a bank or credit union, or CMBS. Stabilized apartments can be Fannie Mae, Freddie Mac, or HUD when the program fits. Capital Market Funds is not a Fannie Mae DUS lender. A lease-up or a purchase that has to close before permanent credit finishes is bridge, sourced from private investors, with the takeout named.
Nothing on the transactions list says Avondale. The $5,000,000 Phoenix industrial cash-out stays on the Phoenix page. Using it here would be false. Start an Avondale file with the address, the occupancy, and whether the sponsor is buying or refinancing.
Senior debt for Avondale
- Life company
Stabilized Avondale retail, flex, and apartments when the cash flow is already in place.
- Bank and credit union
Portfolio hold for a West Valley asset the sponsor wants kept off a securitization.
- Fannie Mae
Stabilized Avondale multifamily. We originate it. We are not a DUS lender.
- Bridge
A tight Avondale close or a lease-up, with a takeout, not a construction counter.