Property Type Office
Date January 18, 2016
Gantry has arranged permanent financing in the amount of $3,230,000 as a correspondent for one of its life insurance companies. Eric Von Berg, a Principal of Gantry, secured non-recourse financing for the owners.
Gantry has arranged permanent financing in the amount of $3,230,000 as a correspondent for one of its life insurance companies. Eric Von Berg, a Principal of Gantry, secured non-recourse financing for the owners. The loan provided a fixed rate of 6.50% for 10 years and is amortized over 25 years. The property is a two-story, 24,000 square foot medical office building located in Sunnyvale, CA. At the time of financing, the building was 100% leased. With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by over 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 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 Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.