Gantry arranged a 15-year $11,800,000 loan, with payments amortized over 25 years, for Pine Grove Business Center, an 88,000 square foot office building located in Orinda, CA.

Eric Von Berg, a Principal at Gantry, and Tom Dao, an Associate Vice President at Gantry, called on many lenders to source the best rate and terms. The selected life insurance company lender was impressed with the excellent tenancy history, well managed property and strong sponsorship.   Using creative structuring, the lender got comfortable with near-term rollover risk in the rent roll. The borrower was happy to get this loan refinanced at a historically low market rate that will be fixed for 15 years.   Brad Skepner, one of the property owners, commented, “Eric and Tom started looking at this transaction early and persisted through many months in developing the right structure that attracted the right lender for us.”

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 $5.5 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.