Property Type Retail
Date January 19, 2017
Gantry arranged the loans as two separate first deeds of trust on the owner-occupied properties, which were not cross collateralized.
JANUARY 19 2017
SAN JOSE, CA – Gantry has arranged two fixed-rate loans totaling $8,150,000 secured by two Chavez Market grocery stores in San Jose and Hayward, CA. Robert Slatt and Braden Turnbull, Principals, and Charlie Kokernak, Associate, of Gantry, arranged the loans as two separate first deeds of trust on the owner-occupied properties, which were not cross collateralized. The fully amortizing financing solution was arranged from one of Gantry’s correspondent life insurance companies, which will be serviced throughout the remainder of its life by Gantry.
Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 loans. 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