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September 19, 2024

Gantry pours $34M into Fremont Brewing, others

Four separate properties, with four separate owners, recently benefited from a quartet of refinancing deals arranged by Gantry. Total value? About $34.3 million. The beneficiaries were the Fremont Brewing plant in Ballard; Holgate Center in SoDo; the Burke Building/3400 Phinney complex in Fremont (aka the landmarked Theo Chocolate building); and the 44-unit Stonehedge Apartments in Fremont. Gantry's Mike Wood, George Mitsanas, Alicia Sabanero represented three of the borrowers; the fourth was represented by Gantry's Los Angeles office. The money came from various life insurance companies. Wood said in a statement, “Each of these unique Seattle real estate holdings featured an experienced sponsor operating a performing property. For any client in this situation facing a maturity in the current cycle, we continue to see life company permanent loan programs as offering the best options.”




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