Property Type Office
Date January 18, 2016
Gantry has arranged permanent financing in the amount of $3,000,000 for a 41,157 square foot, single-tenant office/warehouse building in Gilbert, Arizona. The subject property is located within the Fiesta Commerce Center in the southeast portion of metropolitan Phoenix.
Gantry has arranged permanent financing in the amount of $3,000,000 for a 41,157 square foot, single-tenant office/warehouse building in Gilbert, Arizona. The subject property is located within the Fiesta Commerce Center in the southeast portion of metropolitan Phoenix. The building is 100% occupied by Lockheed Martin, which currently subleases their space. Adam Parker, of Gantry.s Phoenix office, provided favorable financing with an attractive interest rate for his client on behalf of a regional bank. The rate is fixed for five years with a two-way call/rate adjustment after the fifth year. Additional terms of the loan were not disclosed. With offices in Phoenix, Los Angeles, San Francisco, Sacramento, Seattle, Irvine and Las Vegas, 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, Gantry is currently staffed by over 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 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 Adam Parker at (602) 354-5275 or Michael Heagerty at (415) 956-9854.