DECEMBER 29, 2016

PHOENIX, AZ – Gantry has arranged financing in the amount of $2,480,000, secured by a 30,650 SF retail property located in Phoenix, AZ.  The subject is positioned on a major intersection in North Central Phoenix.  At closing, the property was approximately 13% occupied and 76% leased.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this acquisition and rehab loan through a regional bank. The loan vehicle provided the borrower with loan dollars at closing to acquire the asset, and it provided the borrower with TI/LC dollars to be spent on a credit tenant that signed a lease prior to closing.  Furthermore, the loan was structured to allow the borrower to draw additional TI/LC dollars as additional leases are signed.

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.