Fritz Grim, a Vice President in Gantry’s Los Angeles office, has arranged $2,300,000 in acquisition loans for an automotive retail/specialty use portfolio in Washington, Oregon, and New Mexico. The collateral for the 10-year term financings included two Jiffy Lube centers and a standalone O’Reilly Auto Parts retail store. Each lessee had recently executed new long term market rate leases.

“The sponsor purchased all three properties as part of a 1031 exchange and timing was extremely important to both buyer and seller. Gantry’s strong relationship with one of its correspondent life company lenders allowed for a quick, streamlined closing of the multi-state portfolio.”
-Fritz Grim, Vice President of Gantry

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 $7 billion representing 900 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 Fritz Grim at (310) 846-5302 or Michael Heagerty at 415-956-9854.