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Seattle & Northwest  + Washington  + Apartments  |  January 14, 2025
Jasmine Kilman
By: Jasmine Kilman

Gantry’s Spokane Team Secures $10M for Montana New Build

Gantry has secured a $10.5 million permanent loan to retire construction debt from the development of the second phase for The Landings on Two Mile apartment community.

Gantry’s Demetri Koston, Principal, with the firm’s Spokane production office, represented the borrower, a private real estate investor. The 12-year, fixed-rate loan was secured from an agency lender with an upfront interest-only period transitioning to 30-year amortization.

Located at 110, 112, 114, and 118 Teton St in Kalispell, the second phase represents 72 new units in one-, two-, and three-bedroom floorplans. Gantry provided a $16.4 million permanent loan for the property’s 108-unit phase one in 2021.

“The Flathead Valley continues to see a wave of new housing construction, with multifamily projects leading the way in Kalispell,” said Koston, “The region’s strong fundamentals and sustained demand have supported continued development at The Landings.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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