Property Type Mixed
Date January 18, 2016
George H. Mitsanas and Demetri M. Koston, both of Gantry have arranged permanent financing totaling $20,750,000 for a prime 25 acre property located in Newport Beach, California.
George H. Mitsanas and Demetri M. Koston, both of Gantry have arranged permanent financing totaling $20,750,000 for a prime 25 acre property located in Newport Beach, California. The property is currently improved with a 405-room Hyatt Regency Hotel plus corresponding amenities including banquet and meeting facilities, a golf course, pools, and restaurants. While the loan funded in August 2008, Gantry arranged the loan in January 2008 via a forward commitment. Gantry arranged the financing on behalf of a life insurance company. Specific terms of the loan were not disclosed. Over the years Gantry has arranged a wide variety of major hotel financings throughout the nation. With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, Las Vegas and Phoenix, Gantry is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. 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 George Mitsanas at (310) 846-5299, Demetri Koston at (310) 846-5306 or Michael Heagerty at (415) 956-9854.