DECEMBER 5, 2016

TEMPE, AZ – Gantry has arranged financing in the amount of $5,3620,000, secured by a 44-unit multifamily property located in Tempe, AZ.  The asset was originally constructed in 1973 and completely renovated in 2015/16.  At closing, the property had just recently achieved stabilization which was one of the challenges associated with the assignment.

Adam Parker, Principal, & Chad Metzger, Associate Vice President, arranged this acquisition loan through a regional bank.  The borrower’s loan request included a maximum leverage loan as the down payment was coming in the form of a 1031 exchange.  The subject is located less than one mile from Tempe’s Arizona State University, the Mill Avenue District, and the newly branded Farmer Arts District.

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.