Gantry has arranged the financing of Los Alamitos Medical Plaza, a three-story, 70,000 square foot multi-tenant medical office building located on the campus of Los Alamitos Medical Center in Los Alamitos, CA. Mark Ritchie, Principal in the Los Angeles office, along with Jamie Dick, Vice President of Gantry’s San Diego office, and assisted by Production Associate Jay Dick, arranged the refinancing for the borrower, a private medical office building developer and operator. The lender is a Gantry correspondent life insurance company. All other terms and conditions were not disclosed. In addition to attractive loan terms, Gantry’s client was able to fund at project at the time of the Certificate of Occupancy. At closing, Los Alamitos Medical Plaza was 68% leased. The combination of a low loan-to-value loan, a high quality asset and excellent track record of the owner with medical office buildings provided comfort to the lender to fund the loan prior to the property being full stabilized. The project is Phase I of the hospital’s master plan, a part of an integrated medical campus. When complete, the plan will include a 167-bed acute care facility, three medical office buildings and the Total Care Pavilion, home to the area’s cancer, imaging and infusion services. Phase II of the master plan will include a new 92-bed patient care building plus expanded services. 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 Mark Ritchie at (310) 846-5303, Jamie Dick at (858) 793-8400 or Michael Heagerty at (415) 956-9854.