Property Type Multi-Family
Date January 18, 2016
Mark Ritchie, a Principal of Gantry, has arranged $100,000,000 in financing for two luxury apartment complexes totaling 672 units.
Mark Ritchie, a Principal of Gantry, has arranged $100,000,000 in financing for two luxury apartment complexes totaling 672 units. According to Ritchie, the client considered both life company and agency loans and decided to finance with one of Gantry’s correspondent life insurers. This insurer prevailed with excellent teams for this low leverage opportunity and the ability to lock interest rate in a matter of days. With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services nearly $6 billion with nearly 800 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. For more information on this transaction please contact Mark Ritchie at (310) 846-5303.