Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $23 million permanent loan to refinance the Mission Hills Apartments located at 11900 NE 18th Street in Vancouver.
Mission Hills features a mix of one-, two, and three-bedroom units in multiple buildings on approximately 33-acres including a club house, pool & spa, and other Class A amenities.
Gantry’s Blake Hering, Principal, and Abi Hunter, Associate, with the firm’s Portland production office represented the borrower, a private real estate family. The 10-year, fixed rate loan was secured through one of Gantry’s correspondent life company lenders and features non-recourse terms and 30-year amortization.
According to Gantry’s Blake Hering, “Multifamily remains one of the most sought-after asset classes for lenders. A stabilized, high-quality asset like Mission Hills operated by an experienced sponsor elicits the market’s best pricing. Ultimately one of our exclusive Life Insurance Company Lenders offered terms that were unmatched.”
At Gantry, independent thinking is in our genes. As a privately held firm, we take an intentional approach to everything we do. So, as our industry consolidates and becomes less personal, we push ourselves to ignore convention, to set a high standard and to always prioritize people ahead of profits. With over 30 years of experience of loan production and managing a $23 billion national servicing portfolio, our firm leverages a well-established correspondent-driven platform to construct the best financing solutions for our clients. For those seeking a partner that delivers more, we’re a little different. The right kind of different.
