DECEMBER 1, 2016

SALINAS, CA – Gantry arranged financing for CreekBridge Apartments, a newly constructed 36-unit project in the CreekBridge master planned community in Salinas, CA.  The loan is at a fixed interest rate over its 17-year fully amortizing term.  The new loan is unique today in that it allows the borrower to make partial principal repayments (aside from the monthly debt service) periodically with no penalty.  At application, the borrower was able to fix the interest rate, six months prior to loan closing.  The lender is an insurance company that uses Gantry as its local loan correspondent.  Gantry managed the entire process from underwriting, due diligence, and loan funding.

The origination team at Gantry consisted of Eric Von Berg, Principal, and Tom Dao, Associate.

“Tom and Eric were attentive to our concerns, found a lender who could deliver the deal points we required, and tirelessly pushed the loan through closing.”

– Hugh Bikle, CEO of Thrust IV/Creekbridge Homes.

In this time of market volatility, Gantry provides assurance of the best available interest rate and certainty of execution.   The entire loan process was smooth and efficient.  Gantry will service this loan on behalf of the lender, assuring the borrower of continuity in the relationship with the lender and Gantry as loan servicer.

Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 loans. Gantry is 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.