Gantry Secures $20.7 Million Refinance For Boxcar Apartments And Treehouse Apartments

The asset involved in the transaction includes two multifamily properties located at 15 North Grant Street in Spokane, WA, and 3440 Southwest US Veterans Hospital Road in Portland, OR. The Spokane property, known as Boxcar Apartments, comprises 134 units, while the Portland property is the Treehouse Apartments, which has 70 units. The total loan amount secured for refinancing these properties is $20,700,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $20,700,000
• Loan Type: Refinance
• Address: 15 North Grant Street & 3440 Southwest US Veterans Hospital Road
• Market: Spokane, WA & Portland, OR
• Brokers: Blake Hering, Charlie Kokernak & Hrishi Bukshin - Gantry

This transaction was brokered by a team from Gantry, with Blake Hering, Charlie Kokernak, and Hrishi Bukshin representing the deal. The refinancing was specifically conducted to address two maturing multifamily loans, which included $13.3 million for the Boxcar Apartments and $7.4 million for the Treehouse Apartments.