Gantry Secures $40.5M Loan for Oregon MF

Gantry has secured a $40.5 million permanent loan to retire construction financing for the recently completed and now-stabilized class-A apartment project. The 264-unit complex boasts a variety of floorplans, including one-, two-, and three-bedroom options, spread across 23 buildings on approximately 17 acres of land.

Gantry’s Blake Hering, principal, and Crischell Bacarro, associate, with Gantry’s Portland and Los Angeles production offices, respectively, represented the borrower, a private real estate investor. The five-year, interest-only agency loan was provided by Fannie Mae via Walker & Dunlop with an attractive fixed rate.

“The apartment project was successfully stabilized following its delivery in 2023, and our team was able to secure an optimized permanent loan for the sponsor to retire the project’s maturing construction financing,” said Hering. “Multifamily properties hold a primary allocation target status among the majority of Gantry’s debt capital providers, and this requirement, as all client requirements, was engaged in discussions with a diverse range of capital sources.”