Gantry arranged financing in the amount of $4,000,000 for a 53-unit, seven-story Art Deco apartment building located at 640 Mason Street, in the Nob Hill neighborhood of San Francisco. Built in 1932, the property is one of the prime examples of Art Deco architecture in San Francisco, and is owned and managed by local investor George Orbelian.

Eric Von Berg, a Principal of Gantry, and Tom Dao took the financing request to market among Gantry’s life insurance and Fannie Mae / Freddie Mac correspondents as well as all direct lenders.

Lincoln Financial Group came in with the lowest rate and met the borrower’s preference for a 25-year, fully amortizing loan. George Orbelian’s expert management and attention to detail saw the meticulously maintained, restored and upgraded property sail through inspections allowing the efficient team of third party consultants put together by Gantry to work together with the lender and borrower to expeditiously close the loan in less than 40 days. Gantry will be servicing this loan for its correspondent lender, which means the borrower can call Gantry with any loan or property related questions or issues that may come up during the life of the loan.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, 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 over $5 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 Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.