Gantry has arranged permanent financing in the amount of $2,764,500 secured by a 76 unit multi-family property located in Phoenix, AZ. The property was originally built in 1976 and is currently 100% leased.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged the permanent financing through a regional bank.  Gantry was hired to secure a maximum leverage loan for the borrower who wanted to recoup equity that they had recently spent buying the subject property all-cash.  Mr. Parker and Mr. Metzger closed the loan in 42 days as the borrower wanted to close quickly.

Gantry is a full service mortgage banking firm with a 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.

For more information on this transaction, please contact Adam Parker at 602-354-5275 or Michael Heagerty at 415-956-9854