Updated Jun 27, 2025
Gantry Secures $11M Refinance For Grandview Place Apartments In Camas Washington
19420 Southeast 20th Street
$11,000,000
Units
154
Asset Type
MultiFamily
Closing
Mar 27, 2025
About this deal
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:
- 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.
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