Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $26 million permanent loan to refinance the Belmont at Park Bridge Apartments located at 150 Rockberry Ln in Alpharetta, a suburb of the Atlanta MSA. The luxury multifamily community features 344 single- and two-bedroom units across 20-buildings on nearly 21-acres in a multi-story, garden style format. Community amenities include resort style pool, fitness center, and parklike settings near local walking paths. 

Gantry’s Blake Hering, Principal, and Abi Hunter, Associate, with the firm’s Portland production office represented the borrower, a private real estate investor. The 15-year, fixed rate loan came from one of Gantry’s top insurance correspondents and features interest-only, non-recourse terms.

According to Gantry’s Blake Hering, “Our client’s timing was fantastic. An interest rate was locked last year before the Fed’s rate drop in the Fall, which sent treasury yields skyward. The forward rate lock feature here proved to be prescient. Our life company correspondent came through with market leading lending terms.”