Scottsdale medical office searches name the Shea corridor and the buildings around the hospitals sponsors use as landmarks. Naming HonorHealth or a campus describes a location. It is not a client list and not a closing. A single-tenant dental condo and a multi-tenant medical building on Shea are different credit. Capital Market Funds originates life company, bank, CMBS, or bridge. HUD 232 is seniors housing, not a dental suite.
The only medical tombstone is Tempe: single-tenant dental and medical, cash-out refinance, $745,000, 2022, prior firm. It stays in Tempe. Chandler’s office cards, $14,000,000 and $15,600,000, are not medical and not Scottsdale. Pima Center is retail. Airpark flex is industrial. Arizona medical office is the statewide page.
The lease, not the hospital name
We read who occupies the suite, the remaining term, and whether the sponsor is the doctor or a landlord. A building leased to a health system and a condo the practice owns are not the same proceeds conversation. We do not publish a Scottsdale medical dollar.
If the suite is dark or the practice just signed a short lease, permanent credit may pass. Bridge is the transitional loan. It is not construction.
Not seniors housing and not Tempe
Assisted living and skilled nursing are Scottsdale seniors housing when the address is Scottsdale, and they are a different regulatory asset. Do not send a memory-care building as medical office to avoid that underwriting.
We are not a Fannie Mae DUS lender. Medical office is not a Fannie Mae multifamily loan in any case. The Tempe $745,000 figure is not a Scottsdale comparable we will pretend is local.
Shea Boulevard and the Cure Corridor nickname
Sponsors sometimes call the medical buildings along Shea Boulevard the Cure Corridor, or the Scottsdale Shea Corridor. There is no separate page for that nickname. A dental condo, a multi-tenant clinic, or another medical building on Shea in Scottsdale is this medical-office page. The Mayo Clinic campus on Shea is a landmark for location, not a borrower and not a coupon. North Scottsdale shops are the north Scottsdale page. McDowell Road office, including SkySong, is south Scottsdale.
Capital for Scottsdale medical office
| Source | When it fits |
|---|---|
| Life company | Scottsdale medical buildings with a lease an insurer will hold. |
| Bank and credit union | Owner-occupied practice real estate or a smaller Scottsdale building. |
| CMBS | When Scottsdale medical proceeds need a conduit. |
| Bridge | A suite that is not yet a permanent lease. |