Heading: Class-A Warehouse Property 100% Leased to FedEx Ground Secures $16.25 Million Loan with Gantry
Gantry Secures $16.25 Million Loan for Acquisition of FedEx Ground Warehouse in Portland
In a strategic move to secure a prime logistics property, Gantry, the largest independent commercial mortgage banking firm in the U.S., has successfully secured a $16.25 million permanent loan for the acquisition of a Class-A warehouse facility in Portland, Oregon. The property, located at 6447 N Cutter Circle, is a 212,000-square-foot facility fully leased to FedEx Ground.
The warehouse, equipped with 126 doors and cross-docked for efficient operations, is situated in the Swan Island industrial submarket, making it a key location for logistics operations. With close proximity to the Port of Portland, I-5, Union Pacific Railroad, and the Portland International Airport, the property offers strategic advantages for transportation and distribution.
Gantry’s Tony Kaufmann and Joe Foley played a key role in securing the loan for the borrower, a private real estate investor. The long-term fixed-rate loan, obtained from one of Gantry’s correspondent life company lenders, was structured with a term that exceeds the tenant’s lease term. The financing includes a half-term interest-only period followed by a 30-year amortization schedule.
According to Tony Kaufmann, the current market conditions have led to increased interest in new acquisitions, and financing options remain accessible for transactions. The loan secured for the Cutter Circle FedEx facility offers a competitive interest rate below the capitalization rate on the purchase, aligning with the client’s long-term investment goals.
Gantry, known for its independent thinking and client-focused approach, leverages over 30 years of experience in loan production and managing a national servicing portfolio to provide tailored financing solutions. The firm’s correspondent-driven platform enables them to deliver optimal financing options for clients seeking strategic investments in commercial real estate.
The acquisition of the FedEx Ground warehouse in Portland represents a significant milestone for both Gantry and the borrower, highlighting the continued demand for high-quality logistics properties in key markets. As the market adapts to evolving conditions, Gantry remains committed to facilitating transactions that meet the unique needs of their clients and drive success in the commercial real estate sector.
