Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured three unique loans totaling $30.3 million for a trio of separately owned assets throughout the greater Seattle Region. The financings include loans for a production studio facility refinance in Seattle, a flex industrial refinance and acquisition in Kirkland, and a multifamily refinance in Tacoma. Each loan offers a fixed interest rate for stability supporting legacy hold investment plans. The specific properties include:

• Fremont Studios/Seattle: Gantry’s Mike Wood, Principal, and Tim Brown, Senior Associate, with the firm’s Seattle production office secured a $8.5 million permanent loan to refinance maturing debt on Seattle’s premier production studio and event facility anchoring the Fremont Arts District. The seven-year, fixed rate loan was provided by one of Gantry’s correspondent life companies and features a 25-year amortization schedule.

• Par Mac 100 & 200/Kirkland: Gantry’s Mike Wood, Principal, Mike Taylor, Principal, and Tim Brown, Senior Associate, secured a $12 million permanent loan to refinance debt for an existing owned asset and provide acquisition financing for its sister property in a single loan on a pair of flex industrial buildings including warehouse and office uses. The five-year, fixed rate loan was provided by one of Gantry’s correspondent life companies and features an upfront interest only period.

• Mark Twain Apartments/Tacoma: Gantry’s Mike Wood, Principal, and Tim Brown, Senior Associate, secured a $9.4 million permanent loan to refinance maturing debt for a 92-unit apartment complex strategically located in Tacoma’s 6th Avenue shopping district. The five-year, fixed rate Agency loan was provided by Gantry’s agency correspondent and features full-term interest only. 

According to Gantry’s Mike Wood, “This past year represented an improving climate for permanent debt as rate benchmarks improved and became less volatile with the market better adjusted to the cycle’s new cost of capital. Gantry’s ability to tap into a deep roster of debt and equity capital sources allows for us to tailor solutions that optimize financing for a range of client investment goals. From strategic refinancings that provide proceeds for new acquisitions, to optimized fixed rate loans for long-term hold assets or permanent debt with interest only terms that enhance cash flows, Gantry’s team of commercial real estate financing experts focuses on meeting client investment goals with the best debt option.”