JULY 5, 2016

NASHVILLE, TN – Gantry has arranged $43,800,000 in permanent financing secured by Opus 29, Opus 31 and Note 16, three class “A” multifamily properties totaling 305 units in Nashville.

George Mitsanas, Principal, Mike Taylor, Principal, Chris Funai, Vice President, Patrick Taylor, Associate, and Josh Natker, Associate arranged the fixed-rate, non-recourse financing for the borrower.  The 10-year loans were placed with one of Gantry’s correspondent life insurance company lenders using general account funds and provides for interest-only for two years for each loan, followed by a 30 year amortization. There was an immediate funding of $32,500,000 with a forward component of $11,300,000.

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 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States.  The company services $9 billion representing over 1,000 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. In addition to other income property types, Gantry has extensive multifamily experience providing financing for construction, lease-up, and stabilized projects.