Gantry Arranges $16.2M Bridge Loan For 96-Unit Retail Asset In Spokane, WA

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.