Property Type Retail
Financing Type Permanent
Date June 5, 2017
The $3,250,000 loan has a fixed-rate term that fully amortizes over the 15 year period of the loan. The loan was placed with one of Gantry’s correspondent life insurance company lenders.
Demetri Koston, Vice President of Gantry’s Spokane, WA office, has arranged permanent financing secured by a Super 1 Foods grocery store in Whitefish, MT. The $3,250,000 loan has a fixed-rate term that fully amortizes over the 15 year period of the loan. The loan was placed with one of Gantry’s correspondent life insurance company lenders.
The property is fully leased by a single tenant grocer located in a retail mall along the main arterial thru the Whitefish area. The grocer has been a strong performer since opening in 2005. In addition to the grocery store, the retail mall includes national tenants such as McDonald’s, GNC, and Postal Annex. Whitefish is a regional hub servicing the fast growing communities of Northwest Montana. Whitefish is considered to be the recreational gateway to nearby amenities including Glacier National Park, Whitefish Mountain Resort, and Flathead Lake. Gantry worked with the lender to lock the rate several months prior to funding the loan.
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 over 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.