Gantry has secured an $18 million permanent loan to refinance the Windsor Crossing apartment community located at 5303 W John Gay Drive in Spokane, Washington.

The duplex-style apartment community includes 224 two-, three-, and four-bedroom units across 132 buildings located on 77 acres. The complex, originally built in 1959 as housing for the Fairchild Air Force Base, underwent an extensive improvement program completed in 2015 when it was reintroduced as Windsor Crossing.

Gantry’s Demetri Koston, Principal, and Tim Brown, Senior Associate, with the firm’s Spokane and Seattle production offices, represented the borrower, a private real estate investor. The 10-year loan was secured through Fannie Mae at an attractive fixed rate with a 30-year amortization.

“For stable, high-quality multifamily properties like Windsor Crossing, there is a competitive marketplace with lender options for sourcing permanent debt at attractive rates,” said Koston. “Gantry’s role in the process is to optimize the desired financing to best serve long-term client goals.