JULY 18, 2017

MENLO PARK, CA – Gantry has arranged fixed-rate financing in the amount of $27,200,000 for the Stanford Park Hotel in Menlo Park, CA. Principals, Robert Slatt and Jeff Wilcox, along with Associate, Charlie Kokernak, arranged the non-recourse loan with an undisclosed life insurance company. The operator worked closely with Gantry to arrange the new first deed of trust, which was used to refinance existing debt, cover closing costs, and fund scheduled capital improvements.

The 162 room, full-service hotel, is a premier establishment that opened in 1984. Located on a single parcel ground lease from Stanford University, the hotels sits adjacent to the University, the Stanford Shopping Center, and Downtown Palo Alto.

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 60 employees in regional offices throughout the western United States. The company services nearly $10 billion representing over 1,100 loans located throughout the country. 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.