Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $12.4 million structured financing package aligning a bridge loan execution and preferred equity for the acquisition of a Class B industrial facility at 10025 SW Allen Blvd in Beaverton, a top suburb of the greater Portland MSA. The 50,400-square-foot property is 100%-leased to two tenants and sits on 6.87 acres, which includes two-acres of fenced outdoor storage capacity.

Gantry’s Mike Wood, Principal, and Tim Brown, Senior Associate, from the firm’s Pacific Northwest production team represented the sponsor, a private real estate investor. The structured equity and debt package was secured from one of Gantry’s correspondent life company lenders and includes a five-year loan with upfront interest only transitioning to a 25-year amortization schedule. Gantry will service the loan on behalf of its correspondent.

According to Gantry’s Mike Wood, “Our correspondent network remains extremely comfortable with industrial property for their CRE lending and investment allocations, providing sponsors with a consistent option to optimize the full capital stack with both attractively priced equity and debt blends. This loan maximized our client’s on-hand equity for an off-market acquisition with a preferred equity component paired to a fixed rate permanent loan, both originating from one aligned source. Final loan terms ultimately included a three-year interest only period and an attractive fixed rate, putting sponsorship in position to capitalize on both the asset’s current stable cash flow and future upside.”