Scottsdale apartments, from older communities south of Shea to newer product near the 101, are underwritten to that rent roll. Capital Market Funds arranges the senior loan from 7373 E Doubletree Ranch Rd #255. The paths are Fannie Mae, Freddie Mac Optigo, HUD, life company, or bridge. A Freddie Mac loan is made by an Optigo Seller/Servicer. We are not a Fannie Mae DUS lender and not an Optigo Seller/Servicer.
Nothing on the transactions list is a Scottsdale multifamily closing. Harvard Court is Phoenix, $1,350,000, cash-out, 2022, and it does not name a capital source. The 2026 Tucson loan is $28,000,000, life company, value-add, and it names Tucson. Pima Center is retail on a ground lease. Airpark is flex industrial. None of those cards move onto this page.
Scottsdale multifamily: What an apartment file is underwritten against
- Loop 101 and Shea
- The Loop 101 runs through Scottsdale, and Shea Boulevard is the east-west road sponsors use for north Scottsdale medical and office. Mayo Clinic has an Arizona campus on Shea in Scottsdale. That is tenancy context for a medical building. It is not a claim that the clinic is a borrower. Source: Mayo Clinic Arizona.
- Occupancy versus the program
- Stabilized apartments can be Fannie Mae, Freddie Mac, HUD 223(f), or a life company. A lease-up that will not clear a permanent box is bridge, with the takeout named. HUD 221(d)(4) is a HUD program originated with a HUD-approved lender, not a construction counter we staff.
- We are not the GSE
- Capital Market Funds arranges the file and places it with the lender that executes the program. An Optigo Seller/Servicer makes a Freddie Mac loan. We are not a Fannie Mae DUS lender and we are not an Optigo Seller/Servicer.
Stabilized Scottsdale apartments versus value-add
A leased conventional community in Scottsdale can be Fannie Mae or Freddie Mac Optigo, HUD 223(f) when the sponsor will live with the process, or a life company. We place the file with the party who executes it. We do not claim MAP or LEAN approval. Targeted affordable stays an Optigo question when that box fits the asset.
A renovation or a lease-up in Scottsdale is bridge until a takeout is real. The Tucson card's 80% LTC and its interest-only period during construction are terms of that Pima County loan. They are not a Scottsdale quote and they are not a standing offer.
Scottsdale apartment refinance and acquisition
Refinancing a Scottsdale community replaces the note the sponsor already has. No Scottsdale apartment refinance is published, so Harvard Court's cash-out is not treated as local proof. Purchasing a Scottsdale community follows the contract date. If permanent credit cannot meet it, bridge closes and the takeout is named.
City context is the Scottsdale commercial mortgage broker page. Statewide apartments are Arizona multifamily. The only published Maricopa apartment dollar is on Phoenix multifamily.
Capital for Scottsdale apartments
| Source | When it fits |
|---|---|
| Fannie Mae | Stabilized Scottsdale apartments. Not a DUS lender. |
| Freddie Mac | Optigo conventional, targeted, or value-add when that box fits. |
| Bridge | Scottsdale lease-up or renovation before a permanent takeout. |