Gantry has secured a $30 million permanent loan to refinance the Lee Johnson Family’s landmark automotive dealership property, a 100,000-square-foot commercial facility and showroom located at 11845 NE 85th Street in Kirkland, Washington.

Gantry’s Demetri Koston, Principal of the firm’s Spokane office worked with Principal Mike Taylor, based in Seattle, to secure the financing on behalf of the borrower, a private partnership. The nine-year, low-leverage loan features an attractive fixed-rate and 30-year amortization.

“This is a generational operation with nearly 100 years of successful business history in the Kirkland and Seattle Region,” said Koston. “While specialized facilities like an auto dealership or marina can sometimes be difficult for capital sources to underwrite, Gantry’s close relationship with our insurance company correspondents allows us to articulate a clear operational picture with an appropriate land and facility evaluation to showcase sponsor proformas in terms that make sense to a wide range of our insurance lenders.”