Property Type Multi-Family
Financing Type Acquisition
Date October 26, 2016
Gantry has arranged financing in the amount of $11,245,000, secured by a 104-unit multifamily property, located in Thornton, CO.
OCTOBER 26, 2016
THORNTON, CO – Gantry has arranged financing in the amount of $11,245,000, secured by a 104-unit multifamily property, located in Thornton, CO. The property, constructed in 1974, is well located next to the area’s major retailers. At closing, the subject property consisted of below market rents which made the asset a desirable acquisition within the Denver MSA.
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 maximum loan proceeds and two years of interest-only payments.
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.