George Mitsanas, Principal, Braden Turnbull, Principal, and Michelle Hsieh, Associate, of Gantry’s Los Angeles office, have arranged the acquisition financing for the fee interest of a Lowe’s ground lease. The $5,900,000, fixed-rate, interest only loan is for a 10-year term and was placed with one of Gantry’s life insurance correspondent lenders.   The loan will be serviced by Gantry.

The property is nearly 15 acres of land and located on a main intersection in the city of Rancho Cucamonga, in the Inland Empire of Southern California. Lowe’s has approximately six years remaining on their lease with options to extend. The fee interest is part of a larger center that leases to an Islands, Farmer Boys, and Union Bank.

Gantry is a full service mortgage banking firm with a strong 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 over $8 billion representing over 1,000 loans. Gantry has been 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.

For more information on this transaction please contact George Mitsanas at (310) 846-5299, or Michael Heagerty at (415) 956-9854.