Property Type Retail
Date January 19, 2016
Gantry has arranged permanent financing in the amount of $7,200,000 for the 31,933 square foot Plaza Del Lago Shopping Center.
Gantry has arranged permanent financing in the amount of $7,200,000 for the 31,933 square foot Plaza Del Lago Shopping Center. The property is located at the intersection of Del Lago Boulevard and Via Rancho Parkway in the city of Escondido, in northeast San Diego county.
James Dick, a Vice President of Gantry, arranged the acquisition loan through one of Gantry’s life insurance company correspondents. The loan has a 25 year term and amortization and was funded at an amount equal to 74% of appraised value.
With offices in Irvine, Los Angeles, San Francisco, Sacramento, Seattle, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 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 James Dick at ((858) 794-1418 or Michael Heagerty at (415) 956-9854.