Property Type Multi-Family
Financing Type Permanent
Date August 15, 2016
Gantry has arranged financing in the amount of $5,000,000, secured by a 72-unit multifamily property, located in Colorado Springs, CO.
AUGUST 15, 2016
COLORADO SPRINGS, CO – Gantry has arranged financing in the amount of $5,000,000, secured by a 72-unit multifamily property, located in Colorado Springs, CO. The property was constructed in 1984 and is currently subject to a Land Use Restriction Agreement (LURA).
Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged the permanent financing through an agency lender. Gantry was hired to facilitate acquisition financing that included one year of interest only payments and some prepayment flexibility in the final years of the fixed-rate loan term.
Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 loans. Gantry is 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.