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ALBANY, ORE. — Gantry has brokered a $40.5 million permanent loan to retire construction financing for a 264-unit complex in Albany. Blake Hering and Crischell Bacarro of Gantry’s Portland and Los Angeles offices represented the borrower in the transaction. The five-year, interest-only agency loan was provided by Fannie Mae through Walker & Dunlop with a fixed rate. The borrower was a private real estate investor.
The community consists of 23 buildings on a 17-acre site. Apartments come in one-, two- and three-bedroom floor plans. Amenities include a sports court, playground, off-leash dog park and a clubhouse with a pool, hot tub, fitness center and theater room.