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LAKE OSWEGO AND TUALATIN, ORE. — Gantry has arranged $6.5 million in permanent financing for the acquisition of two cross-collateralized industrial/flex industrial assets near Portland. The properties include a 14,600-square-foot flex industrial building on Willow Lane in Lake Oswego, and Teton Business Center, a two-building, 45,000-square-foot industrial park in Tualatin.
Adam Parker, Paddy Ryan and Bryant Bushnell of Gantry secured the financing on behalf of a longstanding borrower client, a family office partnership. Gantry secured the 20-year loan through one of its correspondent life companies. The financing features an interest rate below 5 percent, which locked at the time of application.