Gantry has arranged permanent acquisition financing in the total amount of $984,000 for the purchase of a 7-Eleven anchored retail center located in Sebastopol, California.

Terri Slocombe, a Principal in Gantry’s San Francisco office, arranged the acquisition financing for the property with a correspondent life insurance company who was able to lock the loan’s interest rate at application signing, thereby eliminating the risk that the rate would potentially increase during the loan processing and purchase/sale escrow period. Gantry will service the loan, which was fixed for 10 years with a 25 year amortization period. Other terms and conditions were not disclosed.

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 billion representing 900 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 Terri Slocombe at (415) 956-9898 or Michael Heagerty at (415) 956-9854.