**Gantry Secures $18M Loan for Spokane Multifamily Community**
Gantry has arranged an $18 million permanent loan to refinance the Windsor Crossing apartment community, located at 5303 W John Gay Drive in Spokane, Washington.
Windsor Crossing is a duplex-style multifamily complex featuring 224 two-, three-, and four-bedroom units across 132 buildings. Situated on 77 acres, the property was originally constructed in 1959 as housing for the nearby Fairchild Air Force Base. It underwent a comprehensive improvement and redevelopment program completed in 2015, when it was relaunched as Windsor Crossing.
Demetri Koston, Principal, and Tim Brown, Senior Associate, from Gantry’s Spokane and Seattle offices, represented the borrower—a private real estate investor—in securing the financing. The 10-year loan was provided through Fannie Mae with a competitive fixed interest rate and a 30-year amortization schedule.
“For stable, high-quality multifamily properties like Windsor Crossing, there is a competitive marketplace with lender options for sourcing permanent debt at attractive rates,” said Koston. “Gantry’s role in the process is to optimize the desired financing to best serve long-term client goals.”
