AUGUST 30, 2016

PHOENIX, AZ– Gantry has arranged acquisition financing in the amount of $2,850,000, secured by a 68-unit multifamily property, located in Phoenix, AZ. The subject property was originally constructed in 1964 & 1967.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this acquisition loan through a regional bank.  The borrower’s loan request included maximum leverage since they plan to fund property improvements to the asset with their own capital.  At closing, the property was 100% occupied due to its below market rent rates.

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.