JUNE 21, 2018

PHOENIX, AZ – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged financing in the amount of $2,910,000 secured by a 32-unit multifamily property located in Prescott, AZ. Originally constructed in 1972, the buyer intends to rehab the subject with interior and exterior improvements. The property is located in downtown Prescott within walking distance to the historic Whiskey Row and Courthouse Plaza.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this acquisition loan through a regional bank. The borrower’s loan request included maximum leverage with a flexible prepayment structure. Gantry was able to convince the lender to lock the interest rate below 4.0% in early February 2018, even though the closing didn’t occur until late May 2018.

Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.