JUNE 2, 2016

SAN FRANCISCO, CA – Gantry has arranged $38,000,000 in permanent financing for 85 Bluxome, a 57,000 square foot Class A office building leased exclusively to Collective Health.  Mark Ritchie and Jeff Wilcox, Principals, along with Charlie Kokernak and Armen Hadjimanoukian, Associates, from Gantry’s Los Angeles and San Francisco offices, arranged the financing.  Completed in early 2016, the building features a 360 degree roof deck and both Delos WELL and LEED Gold certification. Located in the heart of the Central SoMa submarket, the asset is the first of many new developments slated for construction along Bluxome Street including TMG’s 501 Brannan development.

“Our team placed the construction financing for this project in 2014 and was very pleased to place the permanent debt this year.  It feels great to be involved with a project from start to finish. 85 Bluxome is a gem of a building and we could not have been happier with the execution.” 

Jeff Wilcox, Principal with Gantry.

The 10-year, interest-only loan was placed with one of Gantry’s CMBS servicing relationships.

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 nearly $9 billion representing over 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 Mark Ritchie at (310) 846-5303, Jeff Wilcox at (415) 946-6239 or Michael Heagerty at (415) 956-9854.