Updated Apr 2, 2026
Gantry Arranges $16.2M Bridge Loan For 96-Unit Retail Asset In Spokane, WA
3250 South Southeast Boulevard
$16,200,000
Units
96
Asset Type
Retail
Closing
Mar 31, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 3250 South Southeast Boulevard in Spokane, WA. This property features 96 modern one- and two-bedroom units. The transaction involved a bridge loan amounting to $16,200,000, which was arranged to retire construction debt in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,200,000
- Loan Type: Bridge
- Market: Spokane, WA
- Units: 96
- Address: 3250 South Southeast Boulevard
- Brokers: Demetri Koston & Tim Brown - Gantry
This transaction was facilitated by Gantry, which played a crucial role in arranging the financing needed to support the operational transition of the property. The involvement of Demetri Koston and Tim Brown as brokers is notable, as they represented the transaction within the market, contributing their expertise to finalize this arrangement.
On the Map
$16,200,000
Retail
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Players
Spokane Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93