Flex Space Feasibility Study in Oregon

Oregon flex space: big loans from a closed chapter

Loan size sets Oregon flex space lending apart, and the series also ends suddenly. The $880,550 median is 1.47x the national flex median, while the typical Oregon loan band reaches from $564,000 to $1.7 million. The cell holds 38 nonresidential lessor approvals worth $47.3 million, then falls silent: FY2024, FY2025 and FY2026 all show nothing. The FY2024 lessor note applies here: From FY2024 most lessor businesses count as passive in SBA's eyes and are ineligible, so these totals are history and not a live pipeline.

Oregon stands 15 of 51 among states, the class sits 18 of 39 among Oregon industries, and the location quotient of 1.61x shows a heavier weight than the national mix. Almost everything went through 7(a), 36 loans against 2 under 504, and no franchise appears, 0.00%. FY2019 produced 9 loans worth $10.3 million and FY2023 produced 7 worth $10.7 million, the biggest dollar year, so the cell was healthy until the end.

Cancellation and lenders

Cancellation caught 21.1% of approvals through FY2024, with an equal ceiling, a high figure. Enterprise Bank & Trust holds 10 loans and $14.1 million, Columbia Bank holds 7 loans and $5.2 million, while Wells Fargo Bank National Association is the holder of 8 loans worth $8.1 million. Multnomah County has 11 loans, Marion 6 and Lane 5. Oregon has no published charge-off rate for this class because the disbursed group falls under the 30-loan line, so Loan Analytics keeps a rate off the page by its own presentation rule.

What an Oregon flex study has to prove

Since most lessor businesses have been ineligible for SBA support from FY2024, and since this cell shows nothing after that point, a study should first confirm what financing is actually available from other sources. Tenant interest in small industrial bays, offices and showrooms comes next, with rents and vacancy drawn from the submarket. Oregon costs run through purchase price, fit-out for tenants and leasing fees. Debt service coverage should include a vacancy allowance and rollover risk. The appraisal needs comparable sales, and the flex label should be tested against the building's real use. Flex cannot be pulled apart from office and retail landlords in this data, which means the figures above mix several building types.