DECEMBER 15, 2016

SPOKANE, WA – Gantry has arranged take-out financing in the amount of $11,595,800 secured by a new multi-family property located in Washington State. Demetri Koston, Vice President for Gantry in Washington, worked on behalf of the borrower to arrange the 12-year fixed rate term on a non-recourse basis.

The property is well located with high quality construction, which attracted a variety of institutional capital sources. Given the borrower’s objectives, Gantry identified the most competitive options available in today’s capital markets. Ultimately, the borrower selected one of  Gantry’s correspondent lenders and the loan was fully funded immediately upon the property reaching stabilization.

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 & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.