Property Type Mixed
Financing Type Permanent
Date June 5, 2017
The $5,550,000 loan has a highly competitive fixed-rate term and a 30-year amortization. The loan was placed with one of Gantry’s banking relationships.
Demetri Koston, Vice President of Gantry, has arranged permanent financing secured by a stabilized mixed-use property in San Francisco’s historic North Beach neighborhood. The $5,550,000 loan has a highly competitive fixed-rate term and a 30-year amortization. The loan was placed with one of Gantry’s banking relationships.
The property is typical for the area with apartment units over retail suites on the ground floor, plus a parking lot. The property is ideally located in the heart of the commercial district of Telegraph Hill, which includes Coit Tower, Washington Square, and the dense retail of Columbus Avenue. The property is in one of the most highly sought-after trade areas of North America. Gantry worked on behalf of the borrower on an exclusive basis and helped identify the most competitive terms available in the market.
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.