Property Type Office
Date January 20, 2016
Gantry has arranged permanent financing in the amount of $10,600,000 for a two-story, Class “A” office building in Chandler, Arizona. The subject property is a multi-tenant LEED office building totaling 68,400 square feet located within a 70-acre master planned development.
Gantry has arranged permanent financing in the amount of $10,600,000 for a two-story, Class “A” office building in Chandler, Arizona. The subject property is a multi-tenant LEED office building totaling 68,400 square feet located within a 70-acre master planned development. The newly acquired building was 100% occupied by a mix of high quality tenants and located near four major freeways that transverse the East Valley. George Mitsanas, Principal, Tim Storey, Principal, and Chad Metzger, Associate Vice President, arranged the fixed-rate, non-recourse financing for the borrower. Gantry arranged the 10 year loan through one of its existing CMBS relationships. Specific terms of the loan were not disclosed. Gantry is a full service mortgage banking firm with a strong 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 over $8 billion representing 1,000 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, Tim Storey at 602-374-7854 or Michael Heagerty at 415-956-9854.