Property Type Multi-Family
Financing Type Permanent
Date February 26, 2016
Gantry has arranged permanent financing in the amount of $21,000,000 for a Park Model/RV Resort with over 650 pads.
Gantry has arranged permanent financing in the amount of $21,000,000 for a Park Model/RV Resort with over 650 pads. A majority of the pads are occupied on a year round basis by park-model units. The remaining pads offer seasonable RV users flexible lease terms.
Patrick Barkley, Principal and Chad Metzger, Associate Vice President arranged the financing through one of its existing CMBS relationships. Specific terms of the loan were not disclosed.
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 $7.5 billion representing 900 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 Patrick Barkley at 602-374-7806 or Michael Heagerty at 415-956-9854.