PNW Borrowers Lock Down Financing As Low Interest Rates Flourish

Courtesy of Gantry
Ainsworth & Dunn Building In Seattle.

San Francisco-based mortgage banking firm Gantry has arranged financing for 28 separate transactions in the past 30 days, including several in the Pacific Northwest.

Gantry said its transactions total more than $175M across several commercial real estate assets, including multifamily, mixed-use, retail, office and industrial.

Its Seattle transactions include $40M permanent financing through a life insurance company for the Ainsworth & Dunn Building and 10 Clay Apartments, a mixed-use property with 62 residential units, as well as commercial and office tenants. Gantry’s Mike Taylor and Mike Wood arranged the transaction.

Gantry also arranged a $12M permanent loan through a regional bank for the 68-unit Nesbit Apartments in Seattle. Gantry’s Brian Bonipart arranged the loan.

In Vancouver, Washington, the firm’s Blake Hering arranged a $15M acquisition loan for the 104K SF Vancouver Village.

Many commercial real estate property owners are taking advantage of the low interest rates and refinancing or securing permanent financing. Sawyer Trail Townhomes in Frederickson was recently refinanced for $22.5M. The Main Apartments in Sumner secured $19.5M in permanent financing in March.

Continue reading this story with a free account

Log in or register
Related Topics: Ainsworth & Dunn , Gantry
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Deutsche Bank's Asset Manager Needs To Sell To Meet Redemptions. Here's What It Owns

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity

Fed's Pause Gives CRE Little Relief As Yields, Midterms Freeze Deals

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

GID, StepStone Complete $985M Secondary Deal For Industrial Portfolio

How Pacific Northwest Multifamily Owners Are Using Sustainability To Strengthen Asset Performance