### Gantry Secures $12.1M Loan for Industrial Acquisition in Tukwila, WA
Gantry has successfully arranged a $12.1 million permanent loan to finance the acquisition of a single-tenant industrial building located at 745 Andover Park E in Tukwila, Washington.
The 109,000-square-foot facility sits on 4.76 acres and offers near-direct access to both I-5 and I-405, strategically positioning it within the logistics infrastructure of the greater Puget Sound region.
Mike Wood, Principal, and Tim Brown, Senior Associate, from Gantry’s Seattle production office, represented the borrower—a private real estate investor. The loan, secured through one of Gantry’s correspondent insurance company lenders, features a 7.5-year fixed-rate term with an initial interest-only period, followed by a 30-year amortization.
“We were able to lock a rate in November of last year to begin the formal purchase negotiations with a loan in place from one of our top insurance correspondents,” said Wood. “That strategic move allowed the transaction to stay on track through a dramatic period of rate volatility at the close of 2024 into January of 2025 when the transaction concluded.”
