Gantry has arranged permanent financing in the amount of $53,500,000 for a 494,000 square foot retail center known as Scottsdale Fiesta. Located off Loop 101 at Shea Boulevard, the Fry’s Signature and Home Depot anchored center features a strong lineup of national and credit  retail tenants. According to local retail brokers, Scottsdale Fiesta is one of the top retail centers in Arizona.

Mark Ritchie, Adam Parker, Principals, Amit Tyagi, Vice President, and Armen Hadjimanoukian, Associate, from Gantry’s Los Angeles and Phoenix offices, arranged the fixed-rate, non-recourse financing for the borrower. The 12-year term, 30-year amortization loan was placed with one of Gantry’s correspondent life insurance company lenders.

Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities.  Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States.  The company services nearly $9 billion representing over 1,000 loans.  Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.

For more information on this transaction please contact Mark Ritchie at (310) 846-5303, Adam Parker at (602) 354-5275 or Michael Heagerty at (415) 956-9854.