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225 Timber Ridge Road Northeast
FINANCED

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

225 Timber Ridge Road Northeast

MultiFamily
clock iconFinanced 45 days ago
Blake Hering
Crischell Bacarro
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Summary

Loan
OREGON
MultiFamily

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.

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Blake Hering
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Details

Deal Summary
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FINANCED
IMAGE: 04/15/2024 ADDRESS: 225 Timber Ridge Road Northeast MARKET: Albany, OR ASSET TYPE: Multifamily LENDER: Fannie Mae BROKERS: Blake Hering & Crischell Bacarro - Gantry LOAN AMOUNT: $40,500,000 LOAN TYPE: Construction LOAN TERMS: five-year, interest-only, fixed-rate loan NOTE: Gantry has secured a $40.5 million permanent loan to pay off construction financing for a multifamily property in Albany, Oregon, located between Salem and Eugene.

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Address225 Timber Ridge Road Northeast

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