Gantry has arranged permanent financing in the amount of $6,600,000 secured by an Albertson’s-anchored retail center located in Liberty Lake, WA. Demetri Koston and Skip Slavin, Vice Presidents for Gantry, worked on behalf of the Borrower, to arrange the 10-year fixed rate term.

While grocery-anchored retail is highly desirable security in the debt markets, this particular transaction posed some significant financing challenges; the anchor’s (Albertson’s) credit-related concerns and the market size was a limiting factor. However, strong operating history and experienced sponsorship worked in the Borrower’s favor, and Gantry identified various options and programs to best meet the Borrower’s objectives.

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 50 employees in regional offices throughout the western United States. The company services over $6 billion representing 800 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 Demetri Koston at 509-720-6364, Skip Slavin at (206) 816-6814, or Michael Heagerty at 415-956-9854.