George H. Mitsanas, a Principal of Gantry has arranged construction-permanent financing in the amount of $45,000,000 for a fully entitled mixed-use development consisting of 125 Class “A” multi-family residential units. The property consists of prime ground floor retail totaling over 17,000 square feet and located on the high traffic thoroughfare of Ventura Boulevard in Encino, California. The property is under construction and scheduled to be completed in 2010. Working on an exclusive basis, Gantry arranged the financing on behalf of one of its servicing correspondents. Specific terms of the loan were not disclosed. The Gantry team has extensive multi-family financing experience with a wide variety of capital sources including banks, life companies, agencies and private parties. In addition, our experience includes institutional sales, joint ventures and REIT operating unit transactions. Gantry services over $5 billion in loans and is a Rated Loan Servicer. With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, Las Vegas and Phoenix, Gantry is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. Gantry originates and services loans for its correspondent lenders and other insurance companies, pension funds, Wall Street conduits, and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. For more information on this transaction please contact George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.