Gantry has arranged permanent financing in the amount of $20,000,000 for a 216-unit class “A” apartment community. The property is situated on 9.34 acres for an average of approximately 23.1 units per acre. There is approximately 225,220 square feet of rental area with an average unit size of 1,043 square feet.

Tim Storey, Principal, and Chad Metzger, Associate Vice President, arranged permanent financing through one of Gantry’s correspondent relationships. Specific terms of the loan were not disclosed.

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 just under $9 billion representing 1100 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 Tim Storey at 602-374-7854 or Michael Heagerty at 415-956-9854.