Gantry has arranged permanent financing in the amount of $40,000,000 for a 2009 construction, 268-unit apartment complex with 43,000 square feet of ground floor retail in the Ballard neighborhood of Seattle.  The ground floor retail consists of a 42,000 square foot grocery store and another small retail tenant.

George Mitsanas, Principal, in Gantry’s Los Angeles office, and Mike Taylor, Principal, in Gantry’s Seattle office, arranged the fixed-rate, non-recourse financing for the borrower.  Gantry has financed this property once before. The 10 year loan provides for interest only for the entire term.  Gantry will also service the loan.