Property Type Industrial
Financing Type Purchase
Date August 1, 2016
Chris Funai, Vice President of Gantry has arranged $10,200,000 in purchase financing for a state-of-the-art, 229,840 square foot, Class-A distribution building located in Fort Worth, Texas.
AUGUST 1, 2016
FORT WORTH, TX – Chris Funai, Vice President of Gantry has arranged $10,200,000 in purchase financing for a state-of-the-art, 229,840 square foot, Class-A distribution building located in Fort Worth, Texas. The non-recourse, 12-year term, 30-year amortization loan was placed with one of Gantry’s correspondent life insurance company lenders.
Completed in late 2015, the building is currently 100% leased to national and international tenants. It delivers all the features and specifications demanded by industrial users in today’s marketplace, with a 30’ clear height, 360’ building depth, 60’ staging bays, and 125’ truck courts. The property is centrally located within the interior of an established industrial park which is served by rail and Meacham Airport.
Gantry is a full service mortgage banking firm with an impressive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services approximately $9 billion representing approximately 1,100 loans. Gantry is 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.