Property Type Mixed
Financing Type Permanent
Date September 14, 2018
Within close proximity to each other, the Hampton Inn & Suites (109-rooms, three-story, limited service hotel) and the Town Place Suites (77-rooms, 3-story, extended stay hotel) are situated in Tucson’s shopping and dining district, just seven miles north of the University of Arizona.
SEPTEMBER 14, 2018
PHOENIX, AZ – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $9,750,000 in permanent financing for the Hampton Inn Suites & Towne Place Suites in Tucson, Arizona. Within close proximity to each other, the Hampton Inn & Suites (109-rooms, three-story, limited service hotel) and the Town Place Suites (77-rooms, 3-story, extended stay hotel) are situated in Tucson’s shopping and dining district, just seven miles north of the University of Arizona. Patrick Barkley, Principal, and Chad Metzger, Associate Vice President, were able to arrange the 10-year term, 30-year amortization financing through a CMBS lender.
Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 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.