Phoenix-Mesa-Chandler: flex-space and nonresidential lessor lending

Within Phoenix-Mesa-Chandler, from FY2017 through FY2026, SBA logged 35 flex-space and nonresidential lessor loans, worth $38.0 million in gross approvals. Within Phoenix-Mesa-Chandler, flex-space and nonresidential lessor lending comes in at 18 of 39 across the area's classes; Phoenix-Mesa-Chandler comes in at 6 of 312 among every metro and micro area for flex-space and nonresidential lessor loans. Phoenix-Mesa-Chandler's 1.45x location quotient gives flex-space and nonresidential lessor more weight locally. Phoenix-Mesa-Chandler's median loan size is $906,200. The inner half of Phoenix-Mesa-Chandler loans lies between $373,050 and $1.2 million, and the median stands at a 1.51x multiple of the national class median. Phoenix-Mesa-Chandler ranks 6 of 312 nationally for this lessor class, a high position, though inside the area the class is 18 of 39. The printed years build up to FY2021, with 11 loans worth $10.8 million, and then give nothing in FY2024, FY2025 or FY2026, each of which shows 0 loans and $0. Those later zeros follow the treatment of lessors described below.

Phoenix-Mesa-Chandler splits 35 to SBA 7(a) and none to SBA 504. The Phoenix-Mesa-Chandler franchise rate is suppressed. Among the Phoenix-Mesa-Chandler holders Enterprise Bank & Trust appears with $8.6 million in 9 SBA 7(a) loans. Phoenix-Mesa-Chandler's lender rows list today's holders only. Phoenix-Mesa-Chandler borrowers get no signal of lender standards from them. The whole count of 35 sits in Maricopa County, AZ.

Phoenix-Mesa-Chandler: years, floors and limits

In Phoenix-Mesa-Chandler, a few years can be read: FY2017 shows 5 loans totalling $3.7 million; FY2021 records 11 loans totalling $10.8 million. In FY2024, FY2025 and FY2026, Phoenix-Mesa-Chandler has 0 loans and $0. Phoenix-Mesa-Chandler's FY2026 is a complete fiscal year. Phoenix-Mesa-Chandler's withheld years are: FY2018 to FY2020, FY2022 and FY2023. Phoenix-Mesa-Chandler's withheld years differ from none. The Phoenix-Mesa-Chandler cancellation rate: held back, below 30 loans. Phoenix-Mesa-Chandler's charge-off rate: withheld, below 30 loans in the cohort. Phoenix-Mesa-Chandler uses Loan Analytics' own cut-off. Phoenix-Mesa-Chandler falls short in its FY2017 to FY2021 cohort. Phoenix-Mesa-Chandler sits on the 2023 July list. Phoenix-Mesa-Chandler admits a loan only by its county. Phoenix-Mesa-Chandler drops unmatched loans. In Phoenix-Mesa-Chandler, flex space cannot be split from Phoenix-Mesa-Chandler office or retail lessors. Phoenix-Mesa-Chandler files flex, office, retail and banquet hall rental under one code. The FY2024 note applies to Phoenix-Mesa-Chandler. SBA classes most lessor businesses as passive and ineligible. Phoenix-Mesa-Chandler flex lending nearly stops from FY2024.

Phoenix-Mesa-Chandler: what to test

In Phoenix, where SBA sees lessor businesses as mostly passive and ineligible, a flex-building study has to show what operating business occupies the space, whether the sponsor's own firm or a tenant. It should test the tenant mix, rent against operating cost, a vacancy allowance and the cost of bringing the building to a condition the appraisal supports. Payment coverage should hold at a vacancy a cautious appraiser would assume, around a loan near the $906,200 median.

SBA nonresidential lessor (flex, office and retail investor buildings) loans in the Phoenix-Mesa-Chandler, AZ Metro Area

Loans approved, FY2017 to FY2026	35
Gross dollars approved	$38.0 million
Median loan	$906,200
Middle half of loans, from	$373,050
Middle half of loans, to	$1.2 million
SBA 7(a) loans	35
SBA 504 loans	0
Franchise share of loans	withheld
Rank among metro and micro areas for nonresidential lessor (flex, office and retail investor buildings) loans	6 of 312
Rank of nonresidential lessor (flex, office and retail investor buildings) among the classes in this area	18 of 39
Location quotient (share of loans against the national share)	1.45x
Median loan against the national median for the class	1.51x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA nonresidential lessor (flex, office and retail investor buildings) loans approved in the Phoenix-Mesa-Chandler, AZ Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	5	$3.7 million
FY2018	withheld	withheld
FY2019	withheld	withheld
FY2020	withheld	withheld
FY2021	11	$10.8 million
FY2022	withheld	withheld
FY2023	withheld	withheld
FY2024	0	$0
FY2025	0	$0
FY2026	0	$0

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Enterprise Bank & Trust	9	$8.6 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Maricopa County, AZ	35

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

Flex space cannot be separated from office or retail lessors. Nearly stops from FY2024.

Shared code: Flex, office, retail and banquet hall rental share 531120.

SBA lending in this class almost stops from FY2024: SBA treats most lessor businesses as passive and ineligible, so the record here is mostly older loans.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-38060-C09.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a nonresidential lessor (flex, office and retail investor buildings) project in the Phoenix-Mesa-Chandler, AZ Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Flex Space Feasibility Study in the Phoenix-Mesa-Chandler, AZ Metro Area