AUGUST 21, 2017

SPOKANE, WA – Gantry has arranged financing in the amount of $9,000,000 secured by a stabilized apartment property with 103 residential units. The property is primarily occupied by students at Washington State University, with the building located off-campus in Pullman, WA. The property is newly built and includes a recreational facility, excess storage, and ample parking. The financing was arranged by Demetri Koston, Principal for Gantry in Spokane, Washington.

The long-term fixed rate loan was arranged to “take-out” the construction financing and lock-in a very competitive interest rate. While interest rates have been very volatile recently, Gantry worked with the lender to hold the quoted rate through the due diligence and approval process without being subject to deposits or margin calls. Gantry arranged the financing with one of its network lenders based in the Pacific Northwest.

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 $10 billion represents over 1,200 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.