PHOENIX, AZ – Gantry has arranged financing in the amount of $2,430,000, secured by a 34-unit multifamily property located in Phoenix, AZ.  The subject is located in downtown Phoenix and was originally constructed in 1958.  In 2015, the property received $1,100,000 in interior and exterior renovations.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this cash-out refinance through a regional bank.  The borrower’s loan request included a maximum leverage loan inclusive of two years of interest-only payments with some prepayment flexibility during the loan term.  The subject property is located within the downtown Phoenix creative district called Roosevelt Row or RoRo.

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.