Cave Creek and Carefree are one commercial conversation. A second URL for Carefree would be the same page with the town name swapped, so this is the page for both. The assets are small retail, local service buildings, and the occasional hospitality-adjacent property. There is no published hotel closing anywhere on this site, and Cave Creek does not get an invented one.
These loans are usually bank or life company if the tenant is in place, and bridge if the building is being repositioned. CMBS is rarely the right tool on a very small balance. Multifamily agency debt is the wrong label unless the asset is actually apartments that fit a program. We are not a Fannie Mae DUS lender.
Scottsdale is south. The office is there. No transaction card names Cave Creek or Carefree. Do not read the Scottsdale retail acquisition as a north-valley closing.
Senior debt for Cave Creek
- Bank and credit union
The first fit for most Cave Creek and Carefree commercial buildings.
- Life company
When the lease is long enough for an insurance-company hold.
- Bridge
A repositioning in Cave Creek. Not a consumer hard-money loan.
- Hospitality
A real hotel or inn is underwritten as hospitality. None is published.