OCTOBER 31, 2016

SPOKANE VALLEY, WA – Gantry has arranged permanent financing secured by a multi-tenant office property in Spokane Valley, WA. The financing was arranged by Demetri Koston, Vice President with Gantry in Spokane. The $6,800,000 permanent loan was made on a non-recourse basis requiring no personal liability to any individuals. The loan was placed with one of Gantry’s correspondent life insurance companies. Gantry will continue to service the loan, and remains primary contact for the borrower throughout the term.

Originally developed in 2006, the property is currently 90% occupied by multi-national companies such as Salesforce and Cielo. The property is located in the Pinecroft Business Park of Spokane Valley, a relatively newly developed area providing office tenants high quality leasing options. The area offers many benefits including ease of access from Interstate 90, close proximity to downtown Spokane, ample parking and a variety of amenities available.

Gantry is a full service mortgage banking firm with an impressive 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 $9 billion representing over 1,100 loans. Gantry is 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.