Gantry Secures $30M for Pacific Northwest Portfolio

Gantry has secured a total of $30 million in permanent loans for a portfolio located in Oregon and Washington submarkets. All properties in the portfolio were free and clear and consisted of stabilized retail, industrial and multifamily assets.

Gantry’s Andy Mekjavich, Principal, Ben Johnson, Director, and Abigail Hunter, Associate, represented the borrower, a private real estate investor. The loans were provided with a fixed-rate below 6%, and were secured from one of Gantry’s correspondent insurance company lenders.  

“Our team took on the assignment to generate cash out for a client looking to redeploy these proceeds to other strategic uses,” said Mekjavich. “Given the mix of asset types, and mix of markets, we focused on our correspondent lenders with whom we’ve executed on similar portfolios previously.” Gantry will service the loans as part of their $23 billion loan portfolio.