Gantry, the largest independent commercial mortgage banking firm in the United States., has secured $130 million in permanent financing for the acquisition of a 22-building industrial portfolio located in the greater Minneapolis/St. Paul, Minnesota, region.
The portfolio, encompassing more than 1.9 million square feet of space on 151 total acres, is occupied in a multi-tenant format and features a mix of industrial and flex-industrial buildings.
Gantry’s Mike Taylor, Principal, Brian Bonipart, Principal, and Pat Taylor, Senior Associate, with the firm’s Seattle production office secured the loan on behalf of the borrower, a private investment fund manager. The loan was placed with one of Gantry’s correspondent life company lenders and featured a sub 3 percent rate for a seven-year term, amortized over 30 years.
