Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured an $8 million permanent loan to retire bridge financing for the Wilmot Place retail center located at 6228-6270 E. Broadway Rd.
The 61,329-square-foot property occupies a prime location on the Wilmot Corridor, a prime Tucson retail zone. The center is anchored by tenants including Ross, BevMo! and Dollar Tree.
Gantry’s Tim Storey, principal, and Chad Metzger, senior associate, secured the funding on behalf of the borrower, DSW Commercial. The 10-year, non-recourse, fixed-rate CMBS loan was placed with an institutional investment banking firm and features interest-only terms for the first five years…