Everett, WA – Gantry, the largest independent mortgage banking firm in the U.S., has arranged $7,800,000 in financing for Seaway Business Park Buildings G & H in Everett, WA. The two industrial buildings at 1330 and 1500 Industry St. were built in 2003 and total 112,475 square feet. Building H consists of 65,885 square feet and Building G consists of 46,590 feet. The assets feature 24-foot clear heights and reinforced concrete construction.

Mike Wood, Principal in Gantry’s Seattle office, arranged the 20-year term, 30-year amortization including five years interest-only, through a correspondent life insurance company. Wood notes, “The borrower sought to transition out of a loan that was in the high 4% range into a new deal at a lower interest rate. The refinancing we arranged includes some interest only, which allows the borrower to recoup the prepayment penalty and improve cash flow.”

Gantry, a privately-held company based in San Francisco, is a full-service commercial mortgage banking firm. Established in 1991 as Newmark Realty Capital, Gantry is staffed by 90 employees in its regional offices. Gantry is the correspondent/servicer on behalf of a roster of the leading life insurance, CMBS and Agency lenders in the nation, placing more than $4 billion per year in loans. Gantry’s national servicing platform exceeds $16 billion, representing over 2,000 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.