Property Type Office
Date January 18, 2016
Gantry has arranged $36,250,000 in permanent financing for the acquisition of a four building, 211,000 square foot, Class A office complex in Torrance, in the South Bay section of Los Angeles.
Gantry has arranged $36,250,000 in permanent financing for the acquisition of a four building, 211,000 square foot, Class A office complex in Torrance, in the South Bay section of Los Angeles. The property was built in the early 1990.s and is primarily occupied by blue chip tenants including Honda, John Deere and Kaiser Permanente. Mark Ritchie, Principal of Gantry, arranged the fixed rate financing through Morgan Stanley Mortgage Capital. The loan features a 6.23% rate for a 10 year term including four years of interest only payments. Under the volatile market conditions of the past month Morgan Stanley worked with the borrower and Gantry to timely close the transaction. Ritchie reported that Morgan Stanley delivered a very competitive financing package, while many other lenders were sidelined. With offices in Los Angeles, San Francisco, Sacramento, Irvine, 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 Mark Ritchie at (310) 846-5303 or Michael Heagerty at (415) 956-9854.