MARCH 19, 2018

MORGAN HILL, CA – Gantry arranged $10.5 MM in financing for Cochrane Road Self-Storage, a 1,098-unit facility, in Morgan Hill, CA. Located just south of San Jose, adjacent to Highway 101, the facility had all the great qualities that Gantry’s correspondent lenders were looking for: fully developed property in a great location, professionally managed by a highly reputable and experienced sponsor, and at least 90% occupancy. Gantry worked closely with the borrower to arrange the 10-year fixed-rate term, 30-year amortization, non-recourse loan.

“As usual, a great team. This was a first-time deal between Toeniskoetter Development and Gantry’s correspondent lender and it could not have gone smoother. It was a very tight time frame, but Eric, Tom and Cristian performed to meet the challenge.”

-Brad Krouskup, President & CEO of Toeniskoetter Development

Gantry, a privately held company based in San Francisco, is a full-service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $10 billion represents over 1,200 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.