Loan CLOSED! Bunker Family Funerals & Cremation is expanding in Gilbert
Gilbert has been the largest municipality in the U.S. without a cemetery— until now, thanks to Bunker Family Funerals and Cremation. This fourth-generation family business, which currently runs two funeral homes in Mesa, is working with Gateway Bank for their construction and permanent loan so they can build a new funeral home and the first cemetery in Gilbert, to be called Gilbert Memorial Park.
Located at Queen Creek Road and 158th Street, Gilbert Memorial Park is set to open in 2019. It will encompass 22 acres of manicured gardens, indoor and outdoor cremation memorialization options, private family estates, as well as a new facility for funerals, spiritual services, tributes, luncheons, and more.
Gilbert Mayor Jenn Daniels and Town Council members joined the Bunker family for the park’s groundbreaking over the summer.
“This is a remarkable way to provide a needed service to the community. … It’s going to be a beautiful place run by a very reputable company,” Daniels told KTAR News 92.3 FM for a recent feature story.
Gateway Bank is proud to be part of the Bunker family’s new venture. Bunker has been a Gateway customer since 2012 and chose to partner with us on the loan for this new project because of our longstanding relationship and creative solutions to complex challenges.
For example, due to the size of the project, Gateway needed a participant bank to help with financing. Fortunately, EVP/Chief Credit Officer Don Thompson had developed relationships with several other banks over the years and was able to engage them as partners for the loan.
This deal also required a unique approach to underwriting and coordination with many stakeholders, including the Town of Gilbert, Bunker’s attorneys, and the participant banks. Through collaboration, due diligence, and frequent communication, we were able to navigate these complexities and bring the financing to close.
President Bryce Bunker commended Don and his team for their patience and perseverance. “Just wanted you to know that we appreciate your hard work on this loan,” he said. “We have loved banking with Gateway. Thanks in advance for pushing hard to get this thing done in the coming days! We appreciate you!”
Blake Bunker added,”Thank you for working with us on getting this loan done. I know it was a lot of work on your end and we asked a lot of you. We look forward to a successful and long-standing relationship with Gateway.”
Our goal at Gateway Bank is to help our customers achieve their dreams. We’re proud to be part of making Bunker’s vision a reality and providing the Town of Gilbert with a top-class funeral home facility and cemetery. Congratulations to Bunker on starting the next chapter in their business, and thanks to Don Thompson, Christie Boutain, and the Gateway team for working their magic!
For more information on Gilbert Memorial Park and to see the facility come to life, follow them on Facebook at facebook.com/GilbertMemorialPark.