Gantry has arranged financing in the amount $4,670,000 secured by a 50-unit multifamily property located in Phoenix, AZ.  The property was developed as a luxury townhome community.  Its average unit size is 1,370 SF, and all units have a direct-access garage.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged the permanent financing through a regional bank.  Gantry was hired to facilitate a cash-out refinance that would significantly lower the owner’s interest rate.  At closing, the property was 100% occupied with a waiting list of tenants.

Gantry is a full service mortgage banking firm with an impressive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services approximately $9 billion representing approximately 1,100 loans. Gantry is rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.  In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.