Phoenix, Ariz. (January 20, 2026) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured two permanent loans for one borrower totaling $16.5 million to refinance maturing debt on a pair of Metro Phoenix industrial properties. The first property is a 79,000-square-foot modern industrial building with fenced truck court located in the Southwest Valley submarket of Phoenix. The second property is a 113,000-square-foot modern warehouse property with two buildings located in the Northwest Valley submarket. Both properties are 100%-leased to long-term tenants.

Gantry’s Tim Storey, Principal, Chad Metzger, Senior Associate, and Andrew Christopherson, Associate, with the firm’s Phoenix production office represented the borrower, a private real estate investor. Both loans were secured from one of Gantry’s correspondent life company lenders and feature full term interest only at an attractive fixed rate. Gantry will service both loans on behalf of its correspondent lender.

According to Gantry’s Tim Storey, “An improving rate climate at this phase of the cycle has only enhanced the permanent loan outcomes Gantry is securing for our clients refinancing stabilized, high quality industrial property. Each of these Metro Phoenix assets are relatively modern, stabilized at 100% occupancy, and under experienced sponsorship. For low leverage requests, loans like these often include full term interest only at newly attractive rates with favorable spreads. At this point, our correspondents are already filling their 2026 loan pipelines with forward rate locks aligned for closings later this year.”