Property Type Multi-Family
Date January 25, 2021
The 69-unit multifamily property is conveniently located near Interstate 10.
Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $6,600,000 in financing for Greenwood Apartments in Goodyear, AZ. The 69-unit multifamily property is conveniently located near Interstate 10, which allows residents easy access to Loop 101 and Loop 303. The community offers one and two bedroom units with an average unit size of 778 SF.
Adam Parker, Principal, and Chad Metzger, Associate VP, of Gantry’s Phoenix office, arranged the 10 year loan, fixed for 5 years, through an regional bank lender. Mr. Parker and Mr. Metzger arranged this loan for a repeat Sponsor which provided them with significant cash-out.