Pima County apartments are originated from the Scottsdale office. The published Tucson loan is a 2026 Capital Market Funds closing: value-add multifamily, $28,000,000, life company, 80% LTC, interest only during construction. It is not a prior-firm origination. It is not bridge, not construction as a standalone product, and not agency debt.
Harvard Court in Phoenix is the other Arizona apartment card: $1,350,000 cash-out refinance, 2022, prior firm, no source named. It is not a Tucson loan and it is not the same business plan. Stabilized Tucson communities that belong in Fannie Mae or Freddie Mac are a separate origination. We are not a DUS lender.
What the Tucson card allows us to say
We can say the amount, the city, the year, the source, the 80% LTC, and that interest was structured as interest-only during construction. We cannot turn 80% LTC into a standing Tucson leverage offer. The next value-add file is underwritten on its own budget and its own rents.
A stabilized permanent loan, after that business plan, is Tucson permanent. This page keeps the card because the asset is multifamily. The permanent page does not pretend the card is already a stabilized takeout.
Agency and HUD in Tucson
Fannie Mae, Freddie Mac Optigo, and HUD 223(f) or 221(d)(4) are available when the Tucson asset fits, placed with the executing or HUD-approved lender. The $28,000,000 loan is not one of those programs. We do not claim MAP or LEAN approval.
Conventional Tucson rent rolls and the value-add card should not be blended in the intake form. Say which business plan you have.
Capital for Tucson apartments
| Source | When it fits |
|---|---|
| Life company | The published Tucson multifamily loan is life company, value-add, not a stabilized quote. |
| Fannie Mae | Stabilized Tucson apartments. Not this card. Not a DUS lender. |
| Freddie Mac | Optigo when that box fits better than Fannie Mae. |
| HUD / FHA | 223(f) or 221(d)(4) with an approved lender. Not the 2026 card. |