Property Type Mixed
Financing Type Refinance
Date January 30, 2018
Gantry has secured $3.75 million in financing for three separate commercial properties located in the South Bay Area. Eric Von Berg, Principal, along with Tom Dao and Cristian Streeter, Associates, worked on behalf of the two borrowers in arranging the financing through a correspondent life company and a national bank.
JANUARY 24, 2018
SAN FRANCISCO, CA – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $3.75 million in financing for three separate commercial properties located in the South Bay Area. Eric Von Berg, Principal, along with Tom Dao and Cristian Streeter, Associates, worked on behalf of the two borrowers in arranging the financing through a correspondent life company and a national bank.
Two Industrial Flex Properties, San Jose, CA ($2.25 MM) – Gantry arranged $2.25 MM in refinancing for two industrial flex properties located in San Jose, CA. Located in the heart of Silicon Valley, both properties are 100% leased and total 26,000 sf. Gantry was able to lock rate at application and arrange two separate 25-year, fully amortizing loans with one of its correspondent insurance company relationships.
“Eric and his team were instrumental in helping us navigate favorable market conditions to refinance our properties with a terrific lender at very attractive terms. Overall we were happy with the entire loan process.”
-Harry How, Fornine Investment, LLC.
555 Price Avenue, Redwood City, CA ($1.5 MM) – Located adjacent to Highway 101 in Redwood City, CA, Gantry arranged $1.5 MM to refinance a remodeled 8,200 sf Class-B office building. Currently, the multitenant office building is 100% occupied, with the owner occupying 38% of the property. Gantry arranged a flexible prepayment, fixed-rate, 10-year term, 25-year amortization non-recourse loan with a national bank.
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 $10 billion represents over 1,200 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.