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Gantry Arranges $16.7M Refinance Loan For Plaza Colonial Mixed-Use Property In Tucson

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FINANCED
$16,700,000

Arizona

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Mixed-use335,476 SF
Financed 06/27/2025
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Property Image
FINANCED

Gantry Arranges $16.7M Refinance Loan For Plaza Colonial Mixed-Use Property In Tucson

2840 East Skyline Drive, 2890 East Skyline Drive, 6375 North Campbell Avenue & 6375 North Campbell Avenue

See Similar Deals
Mixed-use335,476 SF
Financed 06/27/2025
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Summary

ARIZONA
Asset Type:Mixed-use
Price Per Square Foot:$49
Total Square Footage:335,476 SF
Transaction Type:Loan

A refinance transaction has taken place involving a mixed-use property located at 2840-2890 East Skyline Drive and 6375 North Campbell Avenue in Tucson, AZ. The asset encompasses a total square footage of 83,869. The refinance was executed for a total loan amount of $16,700,000 with a fixed rate for five years featuring full-term interest-only payments.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $16,700,000
  • Loan Terms: Five-year, fixed-rate loan with full-term interest-only payments
  • Address: 2840-2890 East Skyline Drive & 6375 North Campbell Avenue
  • Market: Tucson, AZ
  • Asset Square Footage: 83,869
  • Brokers: Patrick Barkley & Chad Metzger - Gantry

Gantry facilitated the refinance for Plaza Colonial, representing the private borrower in this transaction. The loan was provided by a balance sheet lender, highlighting the roles of Patrick Barkley and Chad Metzger in arranging this financial agreement.

Players

Chad Metzger
10 deals$186.7M volume(602) 374-7268
BROKER

Patrick Barkley
Gantry
4 deals$78.8M volume
BROKER

Gantry
BROKERAGE

Details

FINANCED
IMAGE: 06/27/2025 ADDRESS: 2840-2890 East Skyline Drive & 6375 North Campbell Avenue MARKET: Tucson, AZ ASSET TYPE: Mixed-use ~ SF: 83,869 BROKERS: Patrick Barkley & Chad Metzger- Gantry LOAN AMOUNT: $16,700,000 LOAN TERMS: five-year, fixed-rate loan features full-term interest-only payments NOTE: Gantry arranged a $16.7M refinance for Plaza Colonial, a 83,869 SF office and retail property in Tucson. Patrick Barkley and Chad Metzger represented the private borrower; a balance sheet lender provided the 5-year, interest-only loan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,700,000.00

Monthly NOI$111,333.33
Monthly Debt Service$105,555.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00