10 Separate Assets
New York
$70,000,000
PROPERTY TYPE
Various
DATE
November 21, 2024
FINANCING TYPE
Various
Financings Include Acquisition, Construction, and Refinancing Loans for Range of Clients and Asset Types Including Multifamily, Medical Office, Retail, and Self Storage Properties
Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured more than $70 million in recent commercial real estate financings through the firm’s Upstate New York production team. Transactions range across acquisition, construction, and refinancing loans for multifamily, medical office, retail, and self storage assets in local markets throughout Upstate New York as well as nationally.
Gantry’s Tom Grzebinski, Senior Director, and Zach Wagner, Associate, with the firm’s Upstate New York production office represented the borrower in each transaction. The loans were secured through Gantry’s roster of vetted commercial mortgage lenders, including the firm’s correspondent life companies along with bank, debt fund, and agency sources.
According to Gantry’s Tom Grzebinski, “While the past two years have been defined by persistent rate volatility weighing on commercial real estate, Gantry has proven itself capable of optimizing debt capital solutions for a wide range of clients working across diverse business plans and investment structures. Our team’s depth of experience in the Upstate New York markets provides us with a working knowledge of the lenders who are comfortable with the long-term fundamentals of this dynamic region with ready capital to deploy. We have also worked tirelessly for our clients to identify the programs that can maximize proceeds with favorable terms in a debt service constrained marketplace. Gantry’s national reach facilitates us serving client interests throughout the country wherever they do choose to do business and brings new lenders to our home region through time-tested relationships, a win-win for our local clients here in the Northeast.”
The financed properties and developments include:
Multifamily / 55-units / Construction / Hamburg, N.Y. – Regional Bank
Multi-Tenant Medical Office / 28,800 sf / Refinance / National – Life Company
Multifamily / 39-units / Acquisition / Rochester, N.Y. – Agency
Multifamily / 112-units / Refinance/Saratoga County, N.Y. – Life Company
Multifamily / 20-units / Refinance / Rochester, N.Y. – Agency
Mixed Use Portfolio / Retail & Multi Family / Acquisition / Buffalo, N.Y. – Life Company
Mixed Use Portfolio / Self Storage & Flex / Refinance / Buffalo, N.Y. – Regional Bank
Condo Development / 28 Units / Construction / National – Debt Fund
Multifamily / 60 units / Refinance / Rochester, N.Y. – Agency
Multi-Tenant Office Park / 53,000 sf / Refinance/National – Life Company