APRIL 15, 2019
SAN FRANCISCO, CA – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $16,740,000 for the School of Science & Technology in San Antonio. The new facility for Riverwalk Education Foundation will feature 67,000 sf and is expected to open this fall. This facility will have an immediate enrollment of 400 students with the capacity to enroll another 400 students.
Tom Dao, Vice President, of Gantry’s San Francisco office, worked with the borrower in arranging the 5-year construction loan. The loan is also interest-only (until school pays rent), which will be followed by a 30-year amortization.
Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.