Property Type Retail
Financing Type Interest-Only
Date January 9, 2019
Recognized as an irreplaceable retail site by the lending community, the 266,000 sf retail project is anchored by Kohl’s and Smart & Final.
JANUARY 9, 2019
LOS ANGELES, CA – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $52,000,000 in financing for Torrance Towne Center, located in one of the most vibrant areas in the South Bay region of Los Angeles. Recognized as an irreplaceable retail site by the lending community, the 266,000 sf retail project is anchored by Kohl’s and Smart & Final.
Mark Ritchie, Principal, and Jasmine Polson, Associate, of Gantry’s Los Angeles office, worked with the borrower in arranging the 10-year, interest-only financing with a correspondent CMBS lender. The loan will be serviced by Gantry. Pricing and other terms were not disclosed.
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 $12 billion represents over 1,300 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.