JULY 21, 2016

SALINAS, CA – Working on an exclusive basis, Robert Slatt, Principal, Andy Bratt, Vice President, and Charlie Kokernak, Associate of Gantry, have arranged $4,350,000 in bridge financing for West Market Center, a multi-tenant industrial complex in Salinas, CA. The financing was structured in two parts, a $3,625,000 first deed of trust and a private loan of $725,000 in the second position. To complete the transaction, which refinanced a maturing CMBS loan, the Gantry team engaged a wide array of capital sources. Payoff timing, tenant concentration and lease expiration presented challenges for this transaction; however both financing solutions were placed with a private lending institution on an interest only basis for a three year term.

Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing approximately 1,100 loans. Gantry is 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.