Gantry has arranged permanent financing in the amount of $47,500,000 for two apartment buildings in Nevada and California.

$26,000,000 in financing for The Positano, a 360 unit complex in Las Vegas.

$21,500,000 in financing for The Poinsettia, a 136 unit complex in West Los Angeles.

Working on an exclusive basis, the Gantry financing team, headed by Principal George Mitsanas, along with Associate Vice President Monique Monzon and Associate Victor Gavallos, arranged the financing with a life company and agency lender. Both loans will be serviced by Gantry. Specific terms of the financing were not disclosed.

Over the past two decades, Mr. Mitsanas has arranged a wide variety of Multi-Family transactions including construction, permanent, joint venture, REIT OP unit and sales, totaling several billion dollars.

With offices in Los Angeles, San Francisco, Sacramento, Seattle, 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 nearly $6 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 George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.