Fritz Grim, a Vice President in Gantry’s Los Angeles office, has arranged a $5,700,000 acquisition loan secured by a 203-unit multifamily property in Colorado Springs, CO. The loan features a partial interest-only period over its 15-year term then is amortized over a 30-year period.

The property is located in northeast Colorado Springs, CO and is situated on 4.18 acres. Constructed in 1971, the property offers one and two-bedroom floor plans, indoor and outdoor pools, and detached garages. The loan was placed with one of Gantry’s correspondent lending relationships. No additional terms were made available.

“The acquisition of this asset was the sponsor’s first in Colorado. Strong market fundamentals paired with the property’s stabilized operating history and desirable location offer a solid investment for the sponsor.”
-Fritz Grim, Vice President of Gantry

Gantry is a full service mortgage banking firm with a strong 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 over $7 billion representing 900 loans. Gantry has been 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.

For more information on this transaction, please contact Fritz Grim at 310-846-5302 or Michael Heagerty at 415-956-9854.