Gantry Secures $21.2M Refinance Loan For Medical Office Buildings In Coeur D'Alene And Sandpoint
423 North 3rd Avenue & 1919 North Lincoln Way
$21,200,000
$108/SF
Building Size
196,000 SF
Asset Type
Medical Office
Closing
Feb 4, 2026
AI
The transaction involves a loan refinancing for two medical office buildings located at 423 North 3rd Avenue and 1919 North Lincoln Way. The total square footage of these properties is 98,000. The market for this transaction includes Sandpoint and Coeur d'Alene, ID. The loan amount obtained for refinancing is $21,200,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $21,200,000
- Loan Type: Refinance
- Market: Sandpoint & Coeur d'Alene, ID
- Loan Date: 02/04/2026
- Brokers: Demetri Koston & Abi Hunter - Gantry
- Asset Square Footage: 98,000
The loans were arranged for a private investor and are fixed for five years, offering flexible prepayment options. The brokerage team of Gantry, consisting of Demetri Koston and Abi Hunter, facilitated the refinancing of these medical office buildings.
Players
Sandpoint Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93