Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $13.7 million of structured financing to support the acquisition of the Sedona Golf Resort (pictured) located at 35 Red Trail Drive in Sedona, a Northern Arizona resort destination defined by its views of Sedona’s Red Rocks. The golf course consists of a clubhouse, a restaurant and 18-holes with spectacular views of the Sedona’s red rocks.
Gantry’s Adam Parker, Principal, and Andrew Christopherson, Associate, with the firm’s Phoenix production office represented the borrower, Mountain Capital Partners. The structured financing includes a 5-year fixed-rate bank loan paired with an SBA loan in second position, with both loans featuring 25-year amortization.
According to Gantry’s Adam Parker, “With the Sedona area attracting millions of visitors a year, the Sponsor plans to make sure those visitors know that Sedona offers an amazing golf experience at Sedona Golf Resort. It was an absolute pleasure working with MCP’s team to make sure we secured the appropriate financing that matched their investment goals.”
This is a second recent financing for Mountain Capital Partners completed by Gantry, including a $27.9 million financing package for the acquisition of the Tubac Golf Resort & Spa.
To learn more, visit www.gantryinc.com