Property Type Office
Date January 18, 2016
Gantry has recently arranged permanent financing in the amount of $7,200,000 in connection with the acquisition of a multi-tenant office building in Laguna Niguel, California.
Gantry has recently arranged permanent financing in the amount of $7,200,000 in connection with the acquisition of a multi-tenant office building in Laguna Niguel, California. Thomas Dudley, Jr., a Principal of Gantry, secured the financing on behalf of the borrower through its correspondent lender Advantus Capital Management. The loan has a 10 year term with a 30 year amortization thereafter and includes a provision for funding upgrades and improvements to the project planned by the borrower. The security consists of approximately 42,000 square feet with units ranging from 550 to approximately 1,100 square feet. At time of funding the property was about 95% occupied. With offices in Irvine, Los Angeles, San Francisco, Sacramento, Seattle, Las Vegas and Phoenix, Gantry is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. Gantry originates and services loans for its correspondent lenders and other insurance companies, pension funds, Wall Street conduits and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. For more information on this transaction please contact Thomas Dudley, Jr. at (949) 777-9033 or Michael Heagerty at (415) 956-9854.