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

Property Image
FINANCED
$23,000,000
Blake Hering
Abi Hunter

Washington

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MultiFamily
Financed 01/24/2025
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Property Image
FINANCED

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

11900 Northeast 18th Street

See Similar Deals
MultiFamily
Financed 01/24/2025
Blake Hering
Abi Hunter
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Blake Hering
Gantry
Blake Hering
6 deals$157.5M volume
BROKER
Abi Hunter
Gantry
Abi Hunter
4 deals$67.2M volume(913) 709-8869
BROKER

Details

FINANCED
IMAGE: 01/24/2025 ADDRESS: 11900 Northeast 18th Street MARKET: Vancouver, WA ASSET TYPE: MultiFamily BROKERS: Blake Hering & Abi Hunter - Gantry LOAN AMOUNT: $23,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, fixed-rate loan NOTE: Gantry has secured a $23 million loan to refinance the Mission Hills Apartments in Vancouver, a 33-acre property with 556 apartments and various amenities. The 10-year, fixed-rate, nonrecourse loan will replace two maturing loans and includes a 30-year amortization schedule.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,000,000.00

Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00