JULY 27, 2017

MESA, AZ – Gantry, has arranged financing in the amount of $10,270,000, secured by a 151-unit multifamily property in Mesa, AZ. The property was originally constructed in 1974, but it had recently received some upgrades. At closing, the property was 95% occupied.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this acquisition loan through a regional bank. The borrower’s loan request included a maximum leverage loan as the down payment was coming in the form of a 1031 exchange. The subject is located in an improving submarket and is expected to benefit from the nearby Fiesta District revitalization

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 60 employees in regional offices throughout the western United States. The company services nearly $10 billion representing over 1,100 loans located throughout the country. 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.