Property Type Mixed
Date January 19, 2016
Gantry arranged a 10-year, $8,000,000 loan for The Atrium, a 124,228 SF office/industrial complex in Azusa, California.
Gantry arranged a 10-year, $8,000,000 loan for The Atrium, a 124,228 SF office/industrial complex in Azusa, California.
The buyer of this property, Joe Blum of Rawson, Blum & Leon, involved his Gantry team in reviewing a number of assets for the acquisition. The loan for this purchase was lined-up prior to the property going under contract.
The Gantry Team: Eric Von Berg, Tom Dao and Kana Yujuico received a loan commitment from one of Gantry’s correspondent lenders and closed the loan 55 days later. Gantry worked with the lender and buyer to conduct their due diligence in a coordinated effort to achieve a successful and timely loan closing. Joe Blum remarked, “I thank Gantry for making this happen.” Gantry will be servicing this loan.
With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, 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 November 1991, the company services over $6.5 billion with over 800 loans. Gantry is 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 Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.