Phoenix mixed-use on this page means one building with more than one use, usually residential over retail or office. The dominant income, the percentage, and how the leases are written decide the box. A building that is mostly stabilized apartments may be Fannie Mae, Freddie Mac, or HUD if that program accepts the commercial piece. A building that is mostly retail or office is life company, bank, or CMBS. We are not a Fannie Mae DUS lender in either case.
No mixed-use closing is published. Harvard Court is apartments, not a retail podium. The Block at Pima Center is multi-tenant retail in Scottsdale, on a ground lease, and it is not relabeled as Phoenix mixed-use. If neither an agency box nor a commercial box will take the split, bridge is the transitional answer.
Retail and residential in the same Phoenix building
Bring the rent roll split by use: residential versus shop space or office, occupancy of each, and which use you think dominates. A live-work loft is the same page when the collateral is still one commercial loan, not a for-sale condo questionnaire. We do not state one blended leverage for every mixed-use building in the city.
Retail that has no residential component belongs on Phoenix retail. Apartments with no commercial component belong on Phoenix multifamily.
Phoenix mixed-use refinance and acquisition
Refinancing Phoenix mixed-use replaces the note on a building the sponsor already owns. Buying one follows the contract date. Neither purpose has a published mixed-use card, so neighbor closings are not used as proceeds.
Statewide context is Arizona mixed-use. The form should say mixed-use and put the income split in the notes. Calling or sending it is a request to talk to Craig. It is not an application.
The former Paradise Valley Mall site
The old Paradise Valley Mall property is being discussed as a mixed-use district sometimes called Paradise Ridge. It is not a finished rent roll you can treat as stabilized retail. When buildings are delivered and leased, they can be mixed-use, apartments, or shops depending on what was actually built. Until then, Paradise Ridge is a plan. We do not arrange financing for the plan as if the stores were open.