Fritz Grim, a Vice President in Gantry’s Los Angeles office, has arranged an $8,000,000 loan for an industrial/flex building in Santa Ana, CA. Centrally located in the heart of Orange County, the project resides in one of the strongest industrial markets in country. The two-story asset was constructed in 2000, consists of 94,988 square feet, and is situated on 5.36 acres. The property offers 24’ clear heights, 34,196 square feet of office, has three truckwell loading positions, and two ground level loading doors.

“The property was purchased all cash in early 2013, subsequently the owners secured a new tenant for over 60% of the space. The debt placed on the property has allowed the buyers to recapture their cash equity and will allow them to continue expanding their real estate portfolio.   Orange County’s robust industrial market, access to a vast labor pool, and the property’s centralized location were all strengths recognized by the property’s owner, its tenants, and the lender.
-Fritz Grim, Vice President of Gantry

Gantry arranged the financing with one of their correspondent life company lenders. Additional terms of the transaction 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 $7.5 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 Fritz Grim at (310) 846-5302 or Michael Heagerty at (415) 956-9854.