Gantry Secures $30M in Loans for Trio of Seattle Region Assets

Gantry has secured three unique loans totaling $30.3 million for a trio of separately owned assets throughout the greater Seattle Region. The financings include loans for the refinance of a production studio facility in Seattle, a flex industrial refinance and acquisition in Kirkland, and a multifamily refinance in Tacoma.

Gantry’s Mike Wood and Tim Brown secured an $8.5 million permanent loan to refinance maturing debt on a Seattle production studio and event facility anchoring the Fremont Arts District. They also secured a $9.4 million permanent loan to refinance maturing debt for a 92-unit apartment complex in Tacoma.

The team, along with Mike Taylor, secured a $12 million permanent loan to refinance debt for an existing owned asset and provide acquisition financing for its sister property, in a single loan for a pair of flex industrial buildings.

“This past year represented an improving climate for permanent debt as rate benchmarks improved and became less volatile with the market better adjusted to the cycle’s new cost of capital,” said Wood.