Phoenix, November 22, 2025
Gantry has successfully secured an $8.5 million permanent loan from Fannie Mae to refinance the Rose Garden Apartments in Phoenix, a 55-unit multifamily property. This refinancing highlights the strength of private investors amidst the dynamic local real estate market, enhancing cash flow for the borrower while supporting further investments. The loan features a 10-year fixed rate with half-term interest-only payments, transitioning to a 30-year amortization schedule, reflecting the ongoing growth in Phoenix’s housing sector.
Phoenix, Arizona
Gantry Secures $8.5 Million Refinancing for Rose Garden Apartments in Phoenix
Streamlining Success Through Innovative Financing Solutions
Phoenix’s economic landscape continues to flourish, driven by strategic financial decisions that bolster local housing markets. In a notable development, Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured an $8.5 million permanent loan to refinance the Rose Garden Apartments, a 55-unit multifamily property located at 21008 N. 23rd Ave. This refinancing underscores the resilience and adaptability of private investors in the dynamic Phoenix real estate market.
The loan, procured from Fannie Mae, features a 10-year fixed rate, offering half-term interest-only payments which transition to a 30-year amortization schedule at year six. This structure not only enhances cash flow for the borrower but also provides vital cash-out proceeds for further investments. Such financial maneuvers exemplify the opportunities available to Phoenix’s entrepreneurs and small-business investors, especially in an era of increasing economic unpredictability.
Property Overview
The Rose Garden Apartments represent a Class B, garden-style living option in Phoenix, comprising 55 one- and two-bedroom units. This property serves as a vital asset in the community, providing necessary housing solutions while also reflecting the growing demand for multifamily residences within the area.
Loan Structure Details
The financial landscape is shifting, and Gantry’s recent refinancing highlights several key features of the loan:
- Loan Amount: $8.5 million
- Lender: Fannie Mae
- Loan Term: 10 years
- Interest Rate: Fixed rate
- Payment Plan: Half-term interest-only payments transitioning to a 30-year amortization schedule at year six
Strategic Role of Gantry
Representing a significant facet of this transaction, Gantry’s dedicated team, including Adam Parker, Chad Metzger, and Andrew Christopherson, played a critical role. Their expertise ensured that the refinancing aligned perfectly with the client’s investment objectives, ultimately driving enhanced cash flow that can be reinvested into the growing Phoenix market.
Market Activity and Trends
The recent refinancing of the Rose Garden Apartments is part of broader trends in Phoenix’s real estate sector. In July 2024, Gantry secured a $29.2 million loan for the Goodyear Centerpointe Retail Power Center, showcasing the vibrant economic activity in the region. Meanwhile, financing for Solaire at Scottsdale, acquired for $17.7 million in June 2023, reflects the ongoing expansion of multifamily properties throughout the Valley.
Conclusion: Embracing Phoenix’s Economic Future
The successful refinancing of the Rose Garden Apartments exemplifies how strategic financial planning can stimulate further investment and growth in Phoenix. As the community continues to thrive, supporting local businesses and real estate ventures will be crucial in maintaining this momentum. Stakeholders and residents alike are encouraged to engage with and support the entrepreneurial initiatives that are shaping the economic landscape of Phoenix today.
Frequently Asked Questions (FAQ)
What is the Rose Garden Apartments?
The Rose Garden Apartments is a Class B, garden-style apartment community located at 21008 N. 23rd Ave. in Phoenix, Arizona, comprising 55 one- and two-bedroom units.
Who is Gantry?
Gantry is the largest independent commercial mortgage banking firm in the U.S., with over 30 years of experience and a national loan servicing portfolio exceeding $23 billion as of 2024.
What are the terms of the refinancing loan?
The refinancing loan amounts to $8.5 million, secured from Fannie Mae, with a 10-year fixed rate. It includes half-term interest-only payments, transitioning to a 30-year amortization schedule at year six.
Who is the borrower?
The borrower is a private real estate investor represented by Gantry’s Phoenix production office.
What is the purpose of the refinancing?
The refinancing aims to provide the borrower with cash-out proceeds while lowering the annual payment, thereby enhancing cash flow.
Key Features of the Transaction
| Feature | Details |
|---|---|
| Property Name | Rose Garden Apartments |
| Location | 21008 N. 23rd Ave., Phoenix, Arizona |
| Property Type | Class B, garden-style apartment community |
| Total Units | 55 |
| Unit Mix | One- and two-bedroom floor plans |
| Loan Amount | $8.5 million |
| Lender | Fannie Mae |
| Loan Term | 10 years |
| Interest Rate | Fixed rate |
| Payment Structure | Half-term interest-only payments, transitioning to 30-year amortization at year six |
| Gantry Representatives | Adam Parker (Principal), Chad Metzger (Senior Associate), and Andrew Christopherson (Associate) |
| Client | Private real estate investor |
| Objective | Provide cash-out proceeds and lower annual payment to enhance cash flow |
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