Gantry, a leading commercial real estate finance firm, has successfully secured a $29.2 million permanent loan for the Goodyear Centerpointe retail power center in Goodyear City. The 320,000-square-foot center boasts an inline anchor building and two out-parcel buildings along with free-standing pad sites. Notable tenants include Conn’s Appliances, EOS Fitness, Urban Air and Hobby Lobby.
The borrower of this transaction was represented by Gantry’s experienced team members Braden Turnbull, Patrick Barkley, Chad Metzger and Alicia Sabanero from their Phoenix and Los Angeles offices. The financing was obtained through one of Gantry’s trusted life insurance company relationships with favorable terms such as a fixed-rate over 20 years with prepayment options after 10 years.
According to Patrick Barkley from Gantry,”Phoenix and its surrounding West Valley suburbs have consistently shown strong fundamentals for retail performance.” He further added that “this has resulted in various lenders showing interest in allocating funds towards this asset class throughout Metro Phoenix.”
This news release highlights how Gantry facilitated the refinancing process for an investor based out of West Phoenix without mentioning any specific names or brands associated with them.
