SEPTEMBER 8, 2016

COEUR D’ALENE, ID – Gantry has arranged permanent financing secured by a single-tenant office property in Coeur d’Alene, Idaho. The property is 100% occupied by Mountain West Bank. The financing was arranged by Demetri Koston and Skip Slavin, both Vice Presidents with Gantry in Spokane and Seattle, respectively. The $3,800,000 permanent loan has highly competitive terms including a 10-year fixed-rate and a 25-year amortization, flexible prepayment structure, and assumability. The loan was placed with one of Gantry’s correspondent pension fund advisers.

The office property is adjacent to the headquarters of Mountain West Bank, a division of Glacier Bancorp, a publicly traded bank holding company with stated total assets exceeding $9 BB. The property was originally developed for the tenant in 2009 and serves as support offices for various departments within the bank, including mortgage and SBA loans, and electronic banking services.

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.