Property Type Office
Date January 20, 2016
George Mitsanas, Principal, Peter Hillakas, Vice President, and Michelle Hsieh, Associate, of Gantry’s Los Angeles office along with Mesirow Financial, have arranged the construction to permanent financing for the Monterey VA Health Care Center located in Marina, California, in the former Fort Ord military base.
George Mitsanas, Principal, Peter Hillakas, Vice President, and Michelle Hsieh, Associate, of Gantry’s Los Angeles office along with Mesirow Financial, have arranged the construction to permanent financing for the Monterey VA Health Care Center located in Marina, California, in the former Fort Ord military base. The non-recourse, fixed rate loan totals $99,488,000 and will amortize over a 20-year term. Gantry will service this loan for its life company correspondent lender. The planned LEED Certified, 141,000 SF health care center is currently under construction and will be completed in the Fall of 2015. Veteran Affairs will occupy the majority of the building, with the remaining space occupied by the Department of Defense, for 20 fixed years. The center will provide primary and specialty care and serve tens of thousands of patients in the surrounding area. 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.