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April 17, 2025

Gantry finds $18M in Spokane, $21M in Kent

Gantry announced its recent arrangement of an $18 million Fannie Mae loan to the owner of Windsor Crossing, in Spokane. The 77-acre complex, with its 224 units, was originally built in 1959 as housing for the Fairchild Air Force Base. Tim Brown and Demetri Koston led the refinancing effort; the latter said in a statement, “We were able to secure a ten-year Fannie Mae loan at a rate 50 basis points below other options to successfully position this asset for a long-term legacy hold.” The 10-year loan carries a 30-year amortization period. Then, over in Kent, the DJC reported last month the nearly $37 million sale of the James Center shopping center to Rosen Harbottle. The deal included an over $21 million loan from United of Omaha. Gantry recently announced that Brown and Alan Hergert arranged that 10-year loan.




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