NOVEMBER 21, 2017

MESA, AZ – Gantry has arranged financing in the amount of $4,630,000 secured by an 80-unit multifamily property located in Mesa, AZ. Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this acquisition loan through a small balance agency lender. The borrower’s loan request included maximum leverage with a flexible prepayment penalty. The 7-year fixed-rate, non-recourse loan included two years of interest-only payments followed by a 30-year amortization.

Originally constructed in 1972, the buyer intends to fully renovate the subject with extensive interior and exterior improvements. The property is located adjacent to the Banner Health Corporate Center and is approximately 2 miles east of the Mesa Riverview shopping mall and Sloan Park, the Chicago Cubs spring training facility.

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.