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New York & Tri-State  + New York  + Finance  | 

Gantry Secures $38M for Buffalo MF Build 

Gantry has arranged $38.15 million in construction financing for The Lawrence Apartments in Buffalo, NY. The Class A project, located at 983 Michigan Ave, will comprise a four-story, 132-unit building adjacent to the Buffalo Niagara Medical Campus.  

The 5-year loan, secured on behalf of a private real estate joint venture, was provided by a regional bank and features a construction-to-mini-perm structure at a fixed interest rate. Gantry’s Daniel Monte, with the firm’s Phoenix production office, secured the loan on behalf of the borrow, a private real estate joint venture.  

“Construction financing had its own set of challenges in the current post-pandemic market climate. Now that the volatile materials and labor costs of recent years are stabilizing, we are better able to accurately underwrite loans to true cost and a projected value,” said Gantry’s Daniel Monte. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Financing
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