Property Type Multi-Family
Date January 19, 2016
Gantry recently arranged permanent financing in the amount of $6,500,000 in connection with the refinance of a 160-unit apartment complex located in Tempe.
Gantry recently arranged permanent financing in the amount of $6,500,000 in connection with the refinance of a 160-unit apartment complex located in Tempe. Adam Parker of Gantry’s Phoenix office secured the financing on behalf of the borrower through Freddie Mac. Specific terms of the loan were not disclosed.
The garden style apartment complex was built in 1988 and consists of 160-units within seventeen (17) buildings. The subject property contains both one bedroom and two bedroom units and features a fitness center, clubhouse, covered parking, swimming pool and spa and professionally landscaped grounds.
With offices in Phoenix, San Francisco, Sacramento, Los Angeles, Irvine, Las Vegas and Seattle, 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 November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-bank / non-insurance chartered companies with this designation.
For more information on this transaction please contact Adam Parker at (602) 354-5275 or Michael Heagerty at (415) 956-9854.