Property Type Office
Financing Type Permanent
Date January 20, 2016
Gantry has arranged permanent financing in the amount of $4,800,000 secured by a beautiful, historic, multi-tenant office property located in Spokane, WA.
Gantry has arranged permanent financing in the amount of $4,800,000 secured by a beautiful, historic, multi-tenant office property located in Spokane, WA. Demetri Koston and Skip Slavin, Vice Presidents for Gantry in Washington, worked on behalf of the borrower to arrange the 15-year term. The property is ideally located in the vibrant University District along the Spokane River near downtown. Initially built as a brewery, the historic property offers tenants a unique experience in one of the most progressive locations in the Inland Northwest. Nearby amenities include immediate access to downtown college campuses and businesses, simple ingress/egress, ample parking, sports trails, river access, and much more. Gantry was engaged by the borrower to identify the most competitive non-recourse loan available and secure an attractive long-term fixed rate. Gantry presented several possible options to the borrower for consideration, and final placement was with one of Gantry’s life insurance company 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.