Gantry secured a $60 million loan to retire maturing debt on a 1.4-million-square-foot big box warehouse facility in Fort Worth, Texas.
The modern logistics facility is 100% occupied by a major toy manufacturer for its North American distribution needs. The financing strategically positions the asset during a legacy portfolio restructuring.
Gantry’s George Mitsanas, Principal, Tim Storey, Principal, and Chad Metzger, Senior Associate, represented the borrower, a private real estate investor. The two-year, fixed rate, interest only loan was secured from one of the firm’s correspondent insurance company lenders and includes two one-year extensions. Gantry will service the loan for the lender.
