Property Type Industrial
Financing Type Fixed-Rate
Date February 4, 2020
Situated along Interstate 80, the properties total 300,000 square feet and are 100% leased and occupied by multiple tenants.
Gantry, Inc., the largest independent commercial mortgage banking firm in the U.S., has arranged $9,060,000 in fixed-rate financing for a 5-property industrial portfolio in West Sacramento, Dixon and Rancho Cordova. Situated along Interstate 80, the properties total 300,000 square feet and are 100% leased and occupied by multiple tenants.
Tom Dao, Senior Director, and Erinn Cooke, Senior Associate in Gantry’s San Francisco office, worked on an exclusive basis with the borrower to arrange the financing with a life insurance company. The sponsors refinanced the properties as part of an estate planning execution.
“We took this opportunity to refinance our loans with rates that were below 4%, locked at application and fixed for 10 years. Tom orchestrated this refinancing, which had a lot of moving parts – underwriting, loan structure, legal, due diligence – and worked together with the lender to close the loans smoothly and on schedule.” – Bill MacLaughlin, MacLaughlin & Company
Gantry, an independently-held company based in San Francisco, is a full-service mortgage banking firm with an extensive lineup of correspondent lenders and loan production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 75 employees in regional offices throughout the United States. In 2019, Gantry closed over $3.1 billion in loan production and grew its national servicing platform to $13 billion, encompassing over 1,500 loans located in 41 states. Rated as a Primary Servicer by Standard & Poor’s, Gantry is one of a select few non-banking/non-insurance chartered companies with this designation.