Gantry has arranged permanent financing in the amount of $163,000,000 on a four property, 1,057 unit, class A apartment portfolio located in Orange County, California for a major privately held investor.

Peter G. Welsh, a Principal of Gantry, along with Associate Vice President Peter Hillakas, arranged the financing with a correspondent life insurance company. The loans will be serviced by Gantry. Peter Welsh was quoted as saying, “we are currently seeing plenty of capital chasing high quality multi-family properties, in good locations with strong sponsors at yields competitive with or superior to the agency lenders.”

With offices in Los Angeles, San Francisco, Irvine, Sacramento, Seattle, 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 $5.5 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 Peter Welsh at (310) 846-5298, Peter Hillakas at (310) 846-5315 or Michael Heagerty at (415) 956-9854.