AUGUST 10, 2016
MENLO PARK, CA – Working on an exclusive basis, Jeff Wilcox, Principal, and Charlie Kokernak, Associate, of Gantry, have arranged $10,000,000 in permanent financing for a multi-tenant flex R&D building in the Haven Industrial area of Menlo Park, CA. The building, located in a quickly transforming area due to high intensity of redevelopment by Facebook and multiple local developers, was recently demised for two spaces and re-tenanted with long term leases. The financing was placed with one of Gantry’s correspondent life insurance companies and features a long term , fixed-rate that fully amortizes over the term of 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.