Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $10.5 million permanent loan to finance the acquisition of Buckhorn Plaza, a 171,000-square-foot neighborhood retail center located at 6016-6036 E. Main Street in Mesa, an East Valley suburb of Phoenix. The center is currently anchored by Family Dollar, Goodwill, Walgreens and a range of restaurant, professional service, entertainment, and fashion retailers.

Gantry’s Charlie Kokernak, Director, with the firm’s Portland production office collaborated with Adam Parker, Principal, and Chad Metzger, Senior Associate, in its Phoenix production office to represent the borrower, a private real estate investor. The five-year, fixed rate loan was secured from one of Gantry’s correspondent life company lenders, and will be serviced by Gantry.

According to Gantry’s Charlie Kokernak, “Our client faced a tight exchange deadline and a property with unique underwriting challenges. We tapped into our lender relationships to identify the right capital source and worked closely with Gantry’s Phoenix team to guide the process through closing. The selected life company lender understood the market and was aligned with the sponsor’s long-term plans for the asset.”