Gantry Secures $12.4M Financing for Beaverton Industrial Facility Acquisition
Gantry has arranged a $12.4 million structured financing package for the acquisition of an industrial facility located at 10025 SW Allen Blvd in Beaverton, a suburb of the greater Portland metropolitan area. The financing includes a bridge loan execution and preferred equity, enabling the acquisition by a private real estate investor.
The property spans 50,400 square feet and is fully leased to two tenants. It sits on a 6.87-acre lot, which features an additional two acres of fenced outdoor storage.
The financing was secured through one of Gantry’s correspondent life company lenders and includes a five-year loan, initially interest-only, that transitions into a 25-year amortization schedule. Gantry will also service the loan on behalf of its correspondent lender.
Mike Wood, Principal, and Tim Brown, Senior Associate, of Gantry’s Pacific Northwest production team represented the sponsor in the transaction.
“This loan maximized our client’s on-hand equity for an off-market acquisition with a preferred equity component paired to a fixed-rate permanent loan, both originating from one aligned source,” said Wood.
