Property Type Multi-Family
Financing Type Permanent
Date August 9, 2022
“Funding affordable housing loans is a priority for agency lenders, and qualifying assets can secure fixed-rate financing at attractive terms. At Gantry, we pride ourselves in working with our clients to meet their financing goals.”
Oregon City, Ore. – Gantry, the nation’s largest independent commercial mortgage banking firm in the U.S., has secured a $14.1 million permanent loan to refinance the 110-unit Stone Creek Apartments in Oregon City, Oregon.
Gantry’s Paige Serden, Senior Director, and Austin Ridge, Associate, with the firm’s Los Angeles office teamed with Blake Hering, Principal, and Heather Kegler, Associate, with the Portland office, to secure the financing on behalf of a private real estate investor. The 10-year loan with interest-only payments came from an agency lender.
According to the borrower, “I was referred to Paige Serden and Gantry through a long time trusted partner. We had interviewed a few mortgage bankers to assist us with lining up our perm financing. Gantry was the clear choice based on their communication, experience, and market resources. We could not be happier with our decision to work with them as they delivered excellent service and results through one of the most volatile rate environments in the last 10 years. They helped us explore multiple options based on different strategies to help us ultimately make the most informed decision to fit our goals. Thank you for helping us reach our finish line for this project and we look forward to working with Gantry on the next deal.”