Property Type Mixed
Financing Type Acquisition
Date January 19, 2016
Gantry has arranged acquisition financing in the amount of $3,000,000 for a NNN ground lease McDonald’s/Shell Gas Station.
Gantry has arranged acquisition financing in the amount of $3,000,000 for a NNN ground lease McDonald’s/Shell Gas Station. The subject consists of a 6,243 square foot stand-alone McDonald’s and Shell Gas station combination located in Oceanside, California, a coastal city in north San Diego County.
Jamie Dick, Vice President of Gantry’s San Diego office, assisted by Production Associate Jay Dick, arranged the financing for the borrower/buyer, a private individual. The lender, Standard Insurance of Portland, Oregon, is a Gantry correspondent life insurance lender. Standard agreed to a fully amortizing 25-year loan. Other terms and conditions were not disclosed. Total processing time was 45 days.
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 Jamie Dick at (858) 793-8400 or Michael Heagerty at (415) 956-9854.