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Gantry Secures $30M in Financing for Spokane MXU
Gantry, Inc. secured $30 million of permanent financing for the M Building, a luxury 10-story residential building in the heart of downtown Spokane, WA. Gantry’s Demetri Koston arranged the financing on behalf of an unnamed borrower. The 25-year loan was arranged with one of many life insurance companies Gantry represents in the Inland Northwest.
The M Building is a repositioned and renovated building originally developed in 1914, and occupied by Bon Marche, and then by Macy’s, before the borrower acquired the property in 2016. The property was converted to a 114-unit apartment building, and more than 40,000 square feet of retail space.
The property has quickly become a premier address in downtown Spokane, and offers an unparalleled work/live environment to local residents, notes Koston. There are high-end finishes, parking, and the property is pet-friendly, plus most of the apartment units include vistas. The distinctive property provides further evidence of the continued investment taking place in downtown Spokane.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




