Property Type Multi-Family
Financing Type Refinance
Date December 8, 2020
The property offers furnished and unfurnished luxury two- and three-bedroom apartments.
Tucson, AZ (December 8, 2020) – Gantry, the largest independent commercial mortgage banking firm in the U.S., secured a $9,200,000 loan for The Hedrick on Mountain, a multifamily property in Tucson, AZ. The 60-unit apartment asset is located at 2848 N. Mountain Avenue.
Gantry’s Patrick Barkley and Chad Metzger arranged the 10-year Fannie Mae refinancing through Wells Fargo. Barkley noted the lender found the energy efficiency measures instituted at the property attractive.
The community is located on the Cat Tran line near the University of Arizona campus and Banner Medical Center.
The property offers furnished and unfurnished luxury two- and three-bedroom apartments. Units include all-electric kitchens complete with stainless steel appliances, and a secluded balcony or patio. Residences feature highly-appointed amenities such as tile floors and plush carpet, nine-foot ceilings, central air and heat, and spacious walk-in closets. Community amenities include a sophisticated clubhouse, a sparkling swimming pool, and an outdoor kitchen.