Gantry, the nation’s largest independent commercial mortgage banking firm, has secured a $13.4 million construction loan to support the next phase of development at the Park 10 master-planned retail development in Avondale, a growing West Valley suburb of the Phoenix metropolitan area.

Loan proceeds will fund construction of three retail buildings totaling ~27,700-square-foot. This project represents the next phase of Park 10’s development.

Gantry Principal Adam Parker, Senior Associate Chad Metzger, and Associate Andrew Christopherson of the firm’s Phoenix production office represented the borrower, a private real estate investor. The floating-rate construction loan was provided by a regional bank from Gantry’s vetted lender network, with terms structured to maximize sponsor proceeds and provide extension flexibility.

“Strong retail fundamentals in the Avondale market support the continued buildout at Park 10,” said Adam Parker, Principal at Gantry. “Having worked closely with the sponsor throughout the project’s development and capital strategy, we were able to identify a regional bank lender aligned with the project’s timing, fundamentals, and execution plan. Navigating several underwriting complexities, our team structured a financing solution that maximized loan proceeds for the sponsor.”