Gantry has arranged permanent financing in the amount of $26,000,000 for the Timber Ridge Apartments located in Portland, Oregon.

Built in 2010 by Polygon (a prominent northwest home builder) as part of the Timberland master-planned community, Timber Ridge Apartments include 238 units among 16 buildings. Originally planned as for-sale housing, all units have high-end finishes and amenities including wood burning fireplaces, granite countertops, 9’ ceilings, stainless appliances, and double vanities.     Situated in Northwest Portland, the location features convenient access to Downtown Portland and the new Intel Campus.

Michael Taylor, a Principal in Gantry’s Seattle office, led a team which included George Mitsanas, a Principal in Gantry’s Los Angeles office and Patrick Taylor, an Associate in Gantry’s Seattle office. Together, they secured financing for the property owner, Guardian Timber Ridge LLC, with one of Gantry’s correspondent lenders.

With offices in Seattle, San Francisco, Sacramento, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full services mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $6 billion with nearly 800 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 Michael Taylor at (206) 816-6816, Patrick Taylor at (206) 816-6808, George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.