Property Type Multi-Family
Date September 4, 2018
Mr. Parker and Mr. Metzger were able to facilitate a cash-out refinance through a regional bank in order to provide the sponsor with funds to build a future multifamily asset.
SEPTEMBER 4, 2018
PHOENIX, AZ – Developed as a luxury townhome community, Gantry has arranged $5,770,000 in financing for Maryland Manor Townhomes located in Phoenix. The 50-unit property has an average unit size of 1,370 sf, with all units having their own washer and dryer and a direct-access garage. Adam Parker, Principal, and Chad Metzger, Associate Vice President, of Gantry’s Phoenix office, were able to facilitate a cash-out refinance through a regional bank in order to provide the sponsor with funds to build a future multifamily asset. At closing, the subject was 100% occupied with a waiting list of tenants.
Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.