Property Type Office
Date January 18, 2016
George H. Mitsanas of Gantry, has arranged permanent financing in the amount of $120,000,000, with a 13 year term, for a 448,072 SF Class “A”, 13 story high rise office tower, located in Woodland Hills, California.
George H. Mitsanas of Gantry, has arranged permanent financing in the amount of $120,000,000, with a 13 year term, for a 448,072 SF Class “A”, 13 story high rise office tower, located in Woodland Hills, California. During 2004, Mr. Mitsanas had arranged an $85,000,000 loan for this asset. Acting as the borrower’s exclusive mortgage banker, Gantry arranged the financing through its servicing correspondent, Deutsche Bank Mortgage Capital (DBMC). During the past three years, Mr. Mitsanas and his fellow Gantry principals have placed in excess of $1,000,000,000 with DBMC. The subject property is located in the heart of Warner Center, one of Los Angeles’ premiere office markets in proximity to 101 Freeway, restaurants, shopping, and entertainment. Part of the Warner Center master-planned community consists of over 2 million Square Foot of office product. Gantry principals have financed over $600 million in the Warner Center. The property is 100% leased to a single, investment grade tenant. Due to the unique nature of the lease, the DBMC loan represents a complex and well-thought-out capital structure. With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, Phoenix, and Las Vegas, 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 George Mitsanas (310) 846-5299 or Michael Heagerty at (415) 956-9854.