Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $60 million loan to retire maturing debt on a 1.4 million-square-foot big box warehouse facility located in Fort Worth. The modern logistics facility is 100% occupied by a major toy manufacturer for its North American distribution needs. The financing strategically positions the asset during a legacy portfolio restructuring.

Gantry’s George Mitsanas, Principal, Tim Storey, Principal, and Chad Metzger, Senior Associate, represented the borrower, a private real estate investor. The two-year, fixed rate, interest only loan was secured from one of the firm’s correspondent insurance company lenders and includes two one-year extensions. Gantry will service the loan for the lender.

According to Gantry’s George Mitsanas, “Our production and servicing teams work in tandem with client principals to provide comprehensive portfolio-centric finance counsel to meet long-term goals. This tailored loan retired a timely maturity with a short term, fixed rate loan that stabilizes financing for a high quality, high performing asset during a strategic legacy portfolio review. Gantry’s exclusive network of insurance correspondents remains a top source for fixed rate, non-recourse debt options and can offer a range of favorable terms including partial or full-term interest only, extension options, and prepayment flexibility.”