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19420 Southeast 20th Street

Gantry Secures $11M Refinance For Grandview Place Apartments In Camas Washington
FINANCEDMultiFamily

Gantry Secures $11M Refinance For Grandview Place Apartments In Camas Washington

19420 Southeast 20th Street

$11,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 27, 2025

AI

The asset involved in this transaction is a multi-family property located at 19420 Southeast 20th Street in Camas, WA. This property consists of 154 units and has been refinanced for $11,000,000 under a 10-year, fixed-rate loan with a 30-year amortization period.

Summary of transation details:

This refinancing of Grandview Place Apartments was arranged by brokers Blake Hering and Abi Hunter, representing Gantry, through a correspondent life company lender. The transaction highlights their role in securing funding for the asset.

Players

Blake Hering

Gantry

Broker

$197.5M

vol

7 deals

Broker

Camas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93