JULY 11, 2018

LOS ANGELES, CA – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $15 million construction-to-takeout loan for a 36,000 SF medical office building in Perris, CA.

Mark Ritchie, Principal, along with Jasmine Polson, Associate, of Gantry’s Los Angeles office, worked exclusively with the Rancho Cordova-based sponsor, Capital Partners Development Company, LLC, a real estate company specializing in build-to-suit projects for government entities and select private-sector clients, in arranging a 100% loan-to-value credit tenant lease (CTL) financing through a correspondent life company. Upon completion, the building will be 100% leased to the County of Riverside for use by its Riverside University Health Systems’ Behavioral Health group as a community clinic providing mental health services for clients in all ages and stages of life.

Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.