JANUARY 10, 2019

PHOENIX, AZ – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured more than $46 million in financing for four separate multifamily properties. All four loans were closed within a 30-day period and are located in Arizona and Oregon.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, of Gantry’s Phoenix office, worked on behalf of three different borrowers to secure the appropriate loans for each specific property and its unique business plan.

According to Mr. Parker, “Multifamily loans with experienced sponsors remain a preferred property type for lenders. Because Gantry works as a correspondent for many life company lenders, we can provide our clients with the best debt options for each specific property dependent on the sponsor’s business plan. Agency lenders, life company lenders, banks, and debt fund lenders are all competing hard to make loans on multifamily assets.”

• 396 Unit Multifamily in Mesa, AZ: Arranged a $33,660,000 assumption/supplemental acquisition loan via an Agency Lender
• 49 Unit Multifamily in Gresham, OR: Arranged a $4,260,000 acquisition loan via a Regional Bank
• 60 Unit Multifamily in Goodyear, AZ: Arranged a $3,860,000 cash-out refinance loan via a Regional Bank
• 68 Unit Multifamily in Phoenix, AZ: Arranged a $4,290,000 cash-out refinance loan via a Regional Bank

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.