Loan Request for Commercial loan in Chandler, AZ, 85225

1/13/2026 4:55:27 PM

Chandler, AZ, 85225, USA Show Map Hide Map

Commercial

$2,500,000

$1,750,000

70 %

740-749

Property Purchase

handler, AZ Retail Pad Acquisition – Debt Summary

The borrower is seeking acquisition financing for a retail pad redevelopment site located at the northwest corner of Arizona Avenue and Queen Creek Road in Chandler, AZ. The site is commercially zoned and located in a strong retail corridor with excellent visibility and access.

This is a purchase-only bridge loan request. The property is currently unleased by design, with leasing to national credit QSR and coffee tenants to occur post-closing. Construction will be completed under separate build-to-suit financing once leases are executed.

Purchase Price: $2,500,000
Asset Type: Retail pad / land redevelopment
Current Income: $0 (pre-leasing by design)

Current Loan Terms (Reference Point)
The borrower currently has a senior loan structured as follows:

Loan Amount: $1,750,000

Leverage: 70% loan-to-cost

Loan Type: Acquisition / bridge

Use of Proceeds: Purchase only

While the borrower is comfortable with this execution, they are seeking improved leverage and/or pricing if available.

Debt Request / Target Terms

Loan Type: Senior acquisition / bridge

Target Leverage: 75%–85% of purchase price (subject to appraisal and structure)

Use of Proceeds: Purchase only (no cash-out)

Term: Short-term bridge to allow lease execution

Pricing Goal: Competitive market pricing; borrower is accustomed to sub-10% rates with approximately 2 points on comparable projects

Recourse: Open to standard bridge structures

The borrower is flexible on structure provided overall economics improve versus the current loan prioritizing leverage of rate.

Business Plan & Exit

The plan is to acquire the site, secure leases with national credit tenants, and execute ground leases or build-to-suit development under separate financing. Once leases are executed and the project is stabilized, the anticipated exit is either:

sale of stabilized pads to institutional or private buyers, or

refinance into permanent debt.

Sponsor & Platform

The sponsor focuses on tenant-driven retail developments and maintains active relationships with national brands including Dutch Bros, Starbucks, Chipotle, and similar users. They are executing multiple comparable projects and expect to complete approximately 25–35 deals per year. Average project size is roughly $2MM, with typical development cycles of 12–15 months.