**Gantry Secures $11M Permanent Loan for Seattle-Area Industrial Portfolio**
Gantry has successfully arranged an $11 million permanent loan to refinance a portfolio of industrial properties located in the Seattle metropolitan area, specifically in Marysville, Tukwila, and Kent, Washington.
The portfolio consists of four fully leased buildings totaling 124,640 square feet, occupied by multiple tenants across diverse industries, including logistics. The financing was secured on behalf of a private real estate investor by Mike Wood, Principal, and Tim Brown, Senior Associate, from Gantry’s Seattle production office.
The 10-year loan was provided by one of Gantry’s most active life insurance company lenders. The financing features a fixed interest rate and full-term interest-only payments, backed by a strong debt service coverage ratio, underlining the portfolio’s robust financial performance.
“Industrial continues to perform as one of the top investment property types, and most lenders continue to favor allocations to the asset class for performing properties with strong fundamentals,” said Wood. “These four properties enjoy key suburban locations serving the greater Seattle/Tacoma region and are fully leased to strong, committed tenants across a variety of industry types, including logistics.”
