[[{“value”:”
**Gantry Secures $15M for Self-Storage Acquisition in Snoqualmie, WA**
Gantry has arranged a $15 million permanent loan to finance the acquisition of a self-storage facility located at 35501 SE Douglas Street in Snoqualmie, Washington.
Now managed by Store Here, the facility offers 85,127 rentable square feet across 873 units. It features both climate-controlled and drive-up units, along with a secured RV and boat storage yard. The property also includes a U-Haul equipment rental yard, enhancing its utility for customers.
The financing was secured by Gantry principals Amit Tyagi and Andy Bratt, along with associate Sean Kuang, from the firm’s Los Angeles and Irvine production offices. The borrower, a private real estate investment partnership, obtained the five-year loan from one of Gantry’s life company correspondent lenders. The loan includes upfront interest-only payments and non-recourse terms.
“This property was acquired with a relatively low cap rate, and the sponsor’s operational enhancement strategy will provide a lift in cash flows over the first few years,” said Tyagi.
“}]]
