Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $11 million permanent loan to refinance maturing debt for the Grandview Place Apartments located at 19420 SE 20th Street in Camas, a suburb of East Vancouver, Wash., directly across the Columbia River from Portland, Ore. The apartment community features 154-units across 21-buildings on 6.5-acres of land in a mix of one, two, and three-bedroom floorplans. The luxury apartment community features a resort style pool and clubhouse, fitness club facilities, executive business center, modern unit interiors, and onsite storage units among other amenities.

Gantry’s Blake Hering, Principal, and Abi Hunter, Associate, with the firm’s Portland production office represented the borrower, a private real estate investor. The 10-year, fixed rate loan was secured through one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan.

According to Gantry’s Blake Hering, “This long-time client had a pending loan maturity. With ample notice, we worked together to time the rate lock in order to get the best rate. In hindsight, the forward rate lock feature was extremely valuable.”