Property Type Office
Financing Type Permanent
Date January 19, 2016
On behalf of Astani Enterprises, Gantry arranged two permanent loans totaling $21,630,000 for two GSA buildings located in OH and CA.
On behalf of Astani Enterprises, Gantry arranged two permanent loans totaling $21,630,000 for two GSA buildings located in OH and CA. The collateral consists of a GSA ICE office building in Blue Ash, Ohio and a courthouse that is currently being constructed in Eureka, California. The financing was led by George Mitsanas, Principal, Peter Hillakas, Vice President, and Michelle Hsieh, Associate, in Gantry’s Los Angeles office.
The ~36,000 square-foot ICE office building was acquired by Astani Enterprises and renovated with new energy efficient features on behalf of the GSA. Improvements include a new roof, state-of-the-art HVAC system, ceiling insulation, lighting, plumbing, and landscaping, which all work towards a LEED certification. The GSA recently took occupancy of the building and leased the space on a 20-year firm term. The construction of the ~23,000 square-foot courthouse is currently underway and will be occupied by the GSA in October, 2014 on a 20-year firm term. Gantry will service both loans for the lender; the lender is a long-time correspondent of Gantry.
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 over $7.5 billion representing 900 loans. Gantry is a rated Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation. For more information on this transaction, please contact George Mitsanas at 310-846-5299, Peter Hillakas at 310-846-5315, or Michael Heagerty at 415-956-9854.