The published example is specific and small: single-tenant dental and medical office, Tempe, cash-out refinance, $745,000, 2022, prior firm. The lease and the tenant are the credit. The dollar is not a minimum and not a cap. Capital Market Funds originates the next Tempe medical building from Scottsdale.
Life company, bank, and CMBS are the permanent paths when the lease supports them. The card does not name the source, so we do not assign one. Bridge is for a Tempe suite that does not yet have the lease permanent credit requires. HUD 232 is residential care. A dental office is not that program.
Single-tenant Tempe versus a multi-tenant medical building
One tenant means one lease expiration. A multi-tenant Tempe medical building spreads that risk and is underwritten to the whole roster. We will not take the single-tenant card and assume a multi-tenant building closes the same way.
Owner-user, where the practice is the sponsor, is a different conversation from a landlord cash-out. Say which one the file is. The cash-out use of this card is Tempe cash-out.
Cards that are office but not this medical loan
Chandler's owner-user office with a coworking tenant is office, $15,600,000, and it is not a dental building. The Price Road bridge is not medical. A medical building in the City of Phoenix has no published dollar. The $745,000 stays on this Tempe card.
Statewide context is Arizona medical office. Phoenix medical buildings are Phoenix medical office. Seniors housing is a different page.