Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $30 million permanent loan to refinance maturing debt for the Tuscaro Apartment Homes in Sacramento’s Natomas neighborhood, a suburban district in the city’s northwest quadrant. Strategically located for efficient access to downtown and the city’s I-5 and I-80 freeways, the 296-unit garden-style complex also offers ready access to nearby parks and lakefront trails and the area’s major retail center. Featuring a mix of 1-,2-, and 3-bedroom units in 19 buildings, onsite amenities for the stabilized, gated community include a clubhouse, pool and spa, and fitness center.

Gantry’s Blake Hering, Principal, Kristin Lapinskas, Senior Associate, and Abi Hunter, Director, with the firm’s Pacific Northwest production team represented the borrower, a private real estate investment group. The seven-year, fixed rate, non-recourse loan was secured from one of Gantry’s top life company correspondents and features 30-year amortization. Gantry will service the loan for the lender.

According to Gantry’s Blake Hering, “This borrower has developed a fabulous relationship with one of our correspondent life insurance companies. Life company loan programs can often be a compelling option for stabilized properties with features like forward rate lock, streamlined underwriting and attentive service positioning them as a go to resource for legacy multifamily assets.”