Property Type Office
Financing Type Permanent
Date January 20, 2016
Gantry has arranged permanent financing in the amount of $125,000,000 for a 28-story, 596,856 square foot Class A office tower in Century City.
Gantry has arranged permanent financing in the amount of $125,000,000 for a 28-story, 596,856 square foot Class A office tower in Century City. Constructed in 1969, the property is a trophy asset with a strong line-up of F.I.R.E. (Finance, Insurance, Real Estate) and legal tenants. George Mitsanas, Principal, and Doug Tisdale, Associate, in Gantry’s Los Angeles office, arranged the fixed-rate, non-recourse financing for the borrower. George Mitsanas has financed this property for the borrower twice before. The 10-year loan was placed with one of Gantry’s correspondent life insurance company lenders and provides for interest-only for the entire loan term. 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 over $8 billion representing 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 George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.