Gantry has arranged permanent financing in the amount of $12,000,000 secured by a 62 acre multi-family property located in Spokane, WA. Skip Slavin and Demetri Koston, Vice Presidents for Gantry in Washington, worked on behalf of the borrower to arrange the non-recourse loan. The property is improved with a subdivision of homes and duplexes, all located within 10 minutes from downtown Spokane. The location offers residents a suburban environment with simple access to urban amenities nearby. However, the unique layout and history of the property required some significant structure in the loan terms. Gantry helped arrange a loan structure to help lenders get comfortable without losing the long term objectives required by the borrower. Ultimately, final placement was with one of Gantry’s correspondent lending relationships. 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 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 Demetri Koston at 509-720-6364 or Skip Slavin at 206-816-6814 or Michael Heagerty at 415-956-9854