Dallas, Texas – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a total of $23.4 million of senior financing and preferred equity to capitalize the acquisition of DFW Corporate Park, an flex-industrial park strategically positioned between Dallas and Fort Worth in the suburban Metroplex. The 22-building, 211,385-square-foot property is located at 2100 N Highway 360 in Grand Prairie and features a wide variety of rear-loaded warehouse spaces, modern office suites, and street fronting retail spaces for lease.

Gantry’s Braden Turnbull, Principal, and Keegan Bridges, Associate, with the firm’s Los Angeles (El Segundo) production office secured the financing on behalf of the borrower, a private real estate investor. The first position loan consisted of a five-year, fixed rate permanent loan sourced through one of Gantry’s top life company correspondents. Gantry also arranged for the placement of a preferred equity commitment from a national private equity investment fund.

According to Braden Turnbull, “Gantry remains active and creative on assignments, helping our clients optimize their capital structure and maximize their equity positions. The value-add nature of this acquisition, coupled with the current market’s rate volatility and subsequent pullback from banks and other traditional relationship lenders was challenging. We helped our client-sponsor navigate these conditions by sourcing a preferred equity commitment to achieve the optimal leverage point while securing intermediate term life company financing at an attractive fixed rate.”