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Gantry Secures $11M Refinance For Grandview Place Apartments In Camas Washington
FINANCED
$11,000,000
Washington
See Similar DealsMultiFamily
Financed 03/27/2025
FINANCED
Gantry Secures $11M Refinance For Grandview Place Apartments In Camas Washington
19420 Southeast 20th Street
See Similar DealsMultiFamily
Financed 03/27/2025
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
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:
- Property Type: MultiFamily
- Transaction Amount: $11,000,000
- Loan Type: Refinance
- Loan Terms: 10-year fixed rate loan, 30-year amortization
- Market: Camas, WA
- Brokers: Abi Hunter & Blake Hering - Gantry
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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