Gantry Secures $23 Million Refinance Loan For Mission Hills Apartments In Vancouver

The transaction involves the refinancing of the Mission Hills Apartments located at 11900 Northeast 18th Street, Vancouver, WA. The asset is categorized as a multi-family property consisting of 556 apartments situated on a 33-acre site, offering various amenities for residents.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $23,000,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate loan
• Amortization Schedule: 30-year
• Broker Representatives: Blake Hering & Abi Hunter - Gantry

Gantry has successfully managed the process of securing a substantial loan to refinance the existing obligations on the property. This refinancing aims to replace two maturing loans, providing a long-term financial strategy for the Mission Hills Apartments through a nonrecourse loan structure.