Gantry Secures $2.1M Refinance Loan For Retail Property In Charlotte

The property involved is the Shoppes at Toringdon, an 8,000-square-foot retail building located at 12194 Johnston Road in Charlotte, NC. Gantry secured a $2.1 million permanent loan to refinance this property leased to three tenants. The five-year, fixed-rate loan has a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,100,000
• Address: 12194 Johnston Road
• Market: Charlotte, NC
• Brokers: Chad Metzger, Casey Kupferberg & Tim Storey - Gantry
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate loan features a 30-year amortization schedule

The $2.1 million loan was arranged by Gantry's Phoenix office. Chad Metzger, Casey Kupferberg, and Tim Storey from Gantry played key roles in securing the refinancing deal for the Shoppes at Toringdon in Charlotte.