Property Type Office
Date January 18, 2016
Gantry has arranged permanent acquisition financing in the amount of $2,250,000 for a four building, multi-tenant office complex located in Lawrenceville, Georgia.
Gantry has arranged permanent acquisition financing in the amount of $2,250,000 for a four building, multi-tenant office complex located in Lawrenceville, Georgia. The four buildings comprise a total of 43,541 SF of leasable space on a parcel of approximately 3.52 acres. The buildings house 21 different regional and local tenants and is currently 92% occupied. Robert Slatt, a Vice President of Gantry, secured the financing on behalf of the borrower through a regional bank. Acquisition financing was structured on a 10 year loan term with the initial interest rate fixed for 7 years on a 30 year amortization schedule and a flexible prepayment penalty. Gantry is a full service commercial mortgage banking firm that provides mortgage loans for income-producing properties. The company has offices in San Francisco, Sacramento, Los Angeles, Irvine, Las Vegas, Phoenix and Seattle. Gantry originates and services loans for its correspondent lenders and other insurance companies, pension funds, Wall Street Conduits, and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. For more information on this transaction please contact Robert Slatt at (415) 946-6246 or Michael Heagerty at (415) 956-9854.