Gantry has arranged permanent financing in the amount of $8,000,000 for an 87,283 square foot creative office building located in downtown Los Angeles.  The subject property is arguably in the best location in Los Angeles. New residential lofts, restaurants, bars, and retail are on the same block as the subject property. This building is in the heart of the “Restaurant Row” of downtown Los Angeles, located directly across the street from Bottega Louie Restaurant and around the corner from the new Whole Foods. The property has been converted to a creative office and has attracted a diverse group of tenants, all while keeping great synergy in the building.

Andy Bratt, Vice President, in Gantry’s Orange County office, arranged the fixed-rate, non-recourse financing for the borrower.  The 10 year loan was placed with one of Gantry’s correspondent life insurance company lenders and provides for 10 year fixed financing with 10 years of interest-only.

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 Andy Bratt at (949) 356-6678 abratt@Gantryrealtycapital.com or Michael Heagerty at (415) 956-9854.