Top commercial lenders in Phoenix, AZ have recently exhibited a robust lending landscape, reflecting a dynamic array of transactions over the past 90 days. The region has seen the successful closure of numerous loans, ranging from $46,400.00 to an impressive $200,000,000.00. The highest loan amount was facilitated for an Office property, showcasing the diversity in the market.
Property types financed in Phoenix encompass a broad spectrum, with notable deals in Single Family Residence, Retail, Attractions, Residential Condo, Motels, General Commercial, Apartments, Office, and more. The majority of deals were related to Single Family Residence (with 75 transactions), followed by Retail (19 deals), and Residential Condo (8 deals). The maximum loan amount was $66,373,000.00 for Apartments, while the minimum was $3,896.00 for a Single Family Residence.
The lending landscape in Phoenix is primarily dominated by Community Banks and Credit Unions, which emerge as the most active players. These institutions offer competitive terms with Loan-to-Value (LTV) ratios ranging from 70% to 65%. The typical interest rates for Commercial Real Estate (CRE) Perm products fall within the range of 6.89% to 7.15%. For Construction products, the pricing is typically Prime + 50-150 basis points.
Analyzing the list of deals, it’s evident that Single Family Residence properties have attracted the highest number of transactions, with an average loan amount of $270,000.00. Retail properties follow closely, with an average loan amount of $13,495,000.00. The diversity of property types and the range of loan amounts highlight the vibrant commercial lending activities in Phoenix, showcasing the financial prowess of lenders in the region.
