Property Type Office
Date January 19, 2016
On behalf on one of its correspondent life companies, Mark Ritchie, a Principal of Gantry, has arranged a fully amortizing $4.7MM loan for his client, a Houston, TX based developer.
On behalf on one of its correspondent life companies, Mark Ritchie, a Principal of Gantry, has arranged a fully amortizing $4.7MM loan for his client, a Houston, TX based developer. Gantry has now financed nearly $1BB under this CTL program, pioneered by Gantry and its’ life company. Originally focused on larger CTL financings, Gantry/lender has made this program cost efficient, particularly for loans in the $5 -10MM range, noted Ritchie.
With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, 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 $6 billion with over 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 Mark Ritchie at (310) 846-5303.