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Gantry lands $30.5M permanent loan for Kansas City warehouse
The seven-year, fixed-rate non-recourse loan includes one year of interest-only payments before 30-year amortization.
Gantry has secured a $30.5 million permanent loan to refinance maturing debt tied to a 603,000-square-foot warehouse facility in Kansas City’s Northland submarket, within the Skyport Industrial Center at 7501 NW 106th Terrace, according to ConnectCRE.
The multi-tenant property was fully renovated in 2023 and is now 100% leased for a range of logistics uses, ConnectCRE said. The building features 32-foot clear heights, 22,000-square-foot bay sizes, a 135-foot deep truck court, and cross-dock expansion capacity, with access to Kansas City International Airport and major highways including I-29 and I-435.
ConnectCRE reported that the deal is structured as a seven-year, fixed-rate, non-recourse loan, arranged through one of Gantry’s correspondent life company lenders. The loan provides one year of interest-only payments, followed by 30-year amortization.
Gantry’s Mark Reichter, Principal with the firm’s Kansas City production office, represented the borrower, a private real estate investor, and Gantry will service the loan for the lender, according to ConnectCRE.