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December 8, 2022

Gantry arranges over $12M loan



As the DJC first reported in October, a nearly 67,000-square-foot Woodinville industrial building sold for $24.5 million to local investors. The tech firm Redapt has its headquarters there. Now Gantry has announced its role in the deal, having secured a $12.5 million loan from Symetra Life Insurance. Gantry's Mike Wood and Alex Saunders secured the 10-year, fixed-rate loan. Wood said in a statement, “Life company lenders continue to be a stable resource for attractive fixed rate, long-term financing for acquisitions or refinances in this current environment. We continue to see the best rates offered to industrial assets that feature strong tenants with long-term leases in place.”




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