Property Type Retail
Date January 18, 2016
Gantry has arranged permanent financing in the amount of $3,204,500 for the Dobson and Guadalupe Shopping Center, a 35,252 square foot shopping center in Mesa, Arizona.
Gantry has arranged permanent financing in the amount of $3,204,500 for the Dobson and Guadalupe Shopping Center, a 35,252 square foot shopping center in Mesa, Arizona. The subject property, located on two heavily traveled thoroughfares, consists of two, multi-tenant retail buildings that are situated on both sides of the anchor tenant, the Goodwill Store. The subject property is 97% occupied by 9 tenants, many of whom have been located at the center for 10+ years. Additional shop space, pads and the Goodwill Store were not included in the security for the loan. Tim Storey, a Principal, and Adam Parker, an Assistant Vice President, both of Gantry’s Phoenix office, were able to structure a 5+5 year term with an attractive interest rate and a 25 year amortization on behalf of the borrower, TMS-Dobson & Guadalupe Center, LLC. With offices in Phoenix, Los Angeles, San Francisco, Sacramento, Seattle, Irvine and Las Vegas, 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 November 1991, Gantry is currently staffed by over 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. Additional information on Gantry can be found at www.e-Gantry.com. For more information on this transaction, please contact Tim Storey at (602) 374-7854, Adam Parker at (602) 354-5275 or Michael Heagerty at (415) 956-9854.