Gantry Secures $30.3M in Loans for Trio of Seattle Region Assets
Gantry has successfully secured a total of $30.3 million in financing for three distinct properties across the greater Seattle region. The loans support a range of real estate asset types, including a production studio in Seattle, a flex industrial complex in Kirkland, and a multifamily property in Tacoma.
Gantry principals Mike Wood and Tim Brown led the financing efforts, obtaining an $8.5 million permanent loan to refinance maturing debt on a production studio and event facility located in Seattle’s vibrant Fremont Arts District. The same team also arranged a $9.4 million permanent loan to refinance a 92-unit apartment complex in Tacoma.
In collaboration with Mike Taylor, the team secured a $12 million permanent loan intended to both refinance an existing flex industrial asset and acquire a sister property. The loan consolidates financing for both buildings into a single facility.
“This past year represented an improving climate for permanent debt as rate benchmarks improved and became less volatile, with the market better adjusted to the cycle’s new cost of capital,” commented Mike Wood.
The successful financings underscore increased lender confidence and stabilizing market conditions within the Pacific Northwest’s commercial real estate sector.
