Property Type Mixed
Financing Type Permanent
Date January 19, 2016
Gantry has arranged permanent financing in the amount of $148,500,000 on behalf of one of its institutional clients.
Gantry has arranged permanent financing in the amount of $148,500,000 on behalf of one of its institutional clients. The cross collateralized properties consisted of a multi-state portfolio of diverse property types including high quality office, neighborhood and community retail assets which generated significant lender interest.
Mark Ritchie, Principal, and Amit Tyagi, Associate, of Gantry’s Los Angeles office, arranged the financing for the borrower, a private real estate fund. The loan was placed with one of Gantry’s correspondent insurance company lenders. The lender was able to structure a full term interest-only loan at competitive pricing. Other terms and conditions were not disclosed.
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 $7 billion representing 900 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 Mark Ritchie at 310-846-5303 or Michael Heagerty at 415-956-9854.