Property Type Mixed
Financing Type Permanent
Date January 19, 2016
Patrick Barkley, a Principal along with Associate Chad Metzger in Gantry’s Phoenix office, have arranged permant financing totaling $31,238,300 for a 295-room DoubleTree Hotel located near Reid Park in Tucson, AZ.
Patrick Barkley, a Principal along with Associate Chad Metzger in Gantry’s Phoenix office, have arranged permant financing totaling $31,238,300 for a 295-room DoubleTree Hotel located near Reid Park in Tucson, AZ. The hotel is strategically located in the center of Tucson and occupies approximately 12 acres of land. The financing was arranged on behalf of one of its CMBS 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 approximately $8 billion representing over 900 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 Patrick Barkley at (602) 374-7806, Chad Metzger at (602) 374-7268, or Michael Heagerty at (415) 956-9854.