Property Type Storage
Date January 19, 2016
Brian Bonipart, a Vice President in Gantry’s Seattle office, has arranged a $3,700,000 loan secured by a 1,124 unit self-storage facility in Bellevue, about 10 miles from Seattle.
Brian Bonipart, a Vice President in Gantry’s Seattle office, has arranged a $3,700,000 loan secured by a 1,124 unit self-storage facility in Bellevue, about 10 miles from Seattle. The loan was used to refinance the client’s maturing CMBS loan. The loan featured a 30 year amortization with a declining % prepayment penalty. The borrower’s conservative loan request gave them a wide variety of options. The loan was placed with one of Gantry’s correspondent lending relationships. No additional terms were made available.
Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing over 1,000 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.
For more information on this transaction please contact Brian Bonipart at (206) 816-6807, or Michael Heagerty at (415) 956-9854.