Gantry Arranges $9.3M Loan for Refinancing of Houston Apartment Building
Gantry, a commercial mortgage banking firm based in San Francisco, has arranged a $9.3 million loan for the refinancing of a 112-unit apartment building located at 5400 Memorial Drive, just west of downtown Houston.
Known as Memorial Tower, the nine-story building offers studio, one- and two-bedroom units and amenities such as a pool, clubhouse, speakeasy lounge, fitness center, pickle ball court and a dog park.
A regional bank provided the 10-year loan to a private investor, with both parties requesting anonymity. Jeff Matlock and Claire Jones led the transaction for Gantry.
Author's summary: Gantry arranges loan for Houston apartment building.
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