COLUMBUS, GA – Gantry has arranged acquisition financing in the amount of $25,000,000 for a newly constructed 235,000 square foot office building that is 100% occupied by Blue Cross & Blue Shield of Georgia as a call center.  The property is located in Columbus, GA.  The maturity of the loan term is co-terminus with Blue Cross’s lease maturity in September 2025 with a nominal balloon payment at maturity.

Working on an exclusive basis, George Mitsanas, Principal, Peter Hillakas, Vice President and Doug Tisdale, Associate, in Gantry’s Los Angeles office, arranged the fixed-rate, non-recourse financing for the borrower.  The loan was placed with the Credit Tenant Lease (CTL) group of one of Gantry’s correspondent life insurance companies.  Gantry will also service the loan.

Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 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. Gantry has tremendous experience in credit lease transactions having arranged several billion the past few years.