APRIL 24, 2018

SPOKANE, WA – Demetri Koston, Principal with Gantry in Spokane, WA, arranged permanent financing in the amount of $11.765 MM for Creekside Apartments in Bozeman, MT. The new class-A apartment property includes 72 residential units located in a high-growth area of the market. The transaction was structured with a highly competitive fixed-rate term of 12 years. The initial five years of the loan were structured as “interest-only”, followed by an amortization based on a 30-year schedule. The loan is non-recourse and requires no personal guarantees for repayment. Gantry arranged the financing with one of its correspondent lenders based in the Pacific Northwest.

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 $10 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.