Gantry arranged a 10-year $3,200,000 loan for Arroyo Plaza in Livermore, California. The subject property is a 30,000 square foot, single-story retail center anchored by OfficeMax and shadow anchored by Home Depot, Walmart and Kohl’s.

Eric Von Berg, a Principal of Gantry, sought a solution that was specifically tailored for this acquisition, which was 86% occupied at loan closing.   Eric found a lender that understood the quality of the real estate and in place- income from two tenants and was willing to provide the flexibility required by the borrower. Marcus & Millichap’s Senior Vice President of Investments, Ted Kokernak, the agent for the buyer commented that “Gantry was excellent to work with.” 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.