Property Type Industrial
Date January 18, 2016
Gantry has arranged $4,000,000 in permanent financing for the refinance of a 54,000 square foot industrial building in Huntington Park, California.
Gantry has arranged $4,000,000 in permanent financing for the refinance of a 54,000 square foot industrial building in Huntington Park, California. The property is an owner-user facility with the tenant engaged in high value production activities for the garment industry. Mark Ritchie, a Principal of Gantry, arranged the fixed rate financing through Citigroup Global Markets Inc. The 10 year loan features a 6.78% interest rate. Though the capital markets were in disarray, Mr. Ritchie reported that Citigroup was able to fund the loan on terms as applied for . As they do with all their clients, Gantry worked diligently with Citigroup on the front end to ensure certainty of execution for this transaction. 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 Mark Ritchie at 310-846-5303 or Michael Heagerty at 415-956-9854.