Gantry Secures $40.5M Construction Loan For Multifamily In Albany, OR

A permanent loan of $40.5 million was secured by Gantry to pay off construction financing for a multifamily property at 225 Timber Ridge Road Northeast in Albany, Oregon. The property is situated between Salem and Eugene, making it an attractive investment opportunity in the Albany market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,500,000
• Address: 225 Timber Ridge Road Northeast
• Market: Albany, OR
• Lender: Fannie Mae
• Brokers: Blake Hering & Crischell Bacarro - Gantry
• Loan Type: Construction
• Loan Terms: five-year, interest-only, fixed-rate loan

Gantry played a crucial role in facilitating the transaction, acting as the intermediary between the borrower and lender to secure the $40.5 million loan. The collaboration between the brokers, Blake Hering and Crischell Bacarro from Gantry, was instrumental in finalizing this significant financing deal for the multifamily property in Albany, Oregon.