Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a total of $24 million in a series of permanent loans to refinance a five-property portfolio of commercial assets. The stabilized assets are in Phoenix, Gilbert and Tempe, and include a Phoenix office building 100%-leased to a state government agency and four industrial properties encompassing 14 buildings in total. 

Gantry’s Patrick Barkley, Principal, and Chad Metzger, Senior Associate, with the firm’s Phoenix production office represented the borrower, a private real estate investor. The five individual fixed rate loans were secured from one of Gantry’s correspondent insurance company lenders. The five-year loans on the four industrial properties feature 30-year amortization, with the office loan at 20-year amortization. Gantry will service the loans.

According to Gantry’s Patrick Barkley, “Gantry continues to achieve success on behalf of our clients who trust us to approach financing a portfolio of holdings to achieve a best blended rate across diverse properties. Working with a highly experienced and qualified sponsor, we were able to align a performing 100-percent leased office building with a cross-section of stabilized small bay industrial properties in a series of loans with one of our top insurance company correspondents. Our ability to articulate sponsor qualifications and the unique fundamentals of each property was essential in successfully completing this client assignment and resulted in a permanent refinance solution in line with legacy hold goals.”