Gantry has arranged permanent financing in the amount of $22,500,000 for a brand new, institutional quality, single-tenant distribution building located in Fort Worth, TX.

The subject loan is secured by a 712,000 sf distribution facility that is 100% leased to a credit tenant. The subject sits on just over 43 acres and is located approximately four miles from the Meacham International Airport.

George Mitsanas and Tim Storey, Principals of Gantry, worked exclusively with the borrower to arrange the 10-year, non-recourse financing with a correspondent life insurance company. The loan will be serviced by Gantry. Pricing and other terms were not disclosed.

According to Tim Storey, “This was a great project to work on, given the strength and experience of the borrower in addition to the outstanding quality of the asset. Our lender provided very competitive terms and made the closing a very positive experience for all involved.”