Property Type Office
Financing Type Permanent
Date January 19, 2016
Gantry Principal Terri Slocombe has arranged permanent financing in the amount of $18,000,000 for the refinance of a multi-tenant professional office building located in San Francisco.
Gantry Principal Terri Slocombe has arranged permanent financing in the amount of $18,000,000 for the refinance of a multi-tenant professional office building located in San Francisco. Working on an exclusive basis with the borrower, Gantry arranged the 7-year term, fixed-rate financing with a correspondent life insurance company. The loan will be serviced by Gantry. Pricing and terms were not disclosed.
The subject loan is secured by a nine-story building totaling 54,407 square feet. The first and second floors are occupied by MaxMara, diPietro Todd Salon and TSE Cashmere while the upper floors are occupied by professional office tenants, including notable law and architectural firms. The property is well located in the famous Union Square.
Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Gantry production teams take on consulting, acquisition and mortgage brokerage assignments. Established in 1991, the company services over $7.0 billion with over 900 loans. Gantry is rated as a Primary Servicer by Standard and Poor’s; one of a select few non-banking / non-insurance chartered companies with this designation.
For more information on this transaction please contact Terri Slocombe at (415) 956-9898 or Michael Heagerty at (415) 956-9854.