Property Type Mixed
Financing Type Acquisition
Date October 28, 2016
$11,820,000 in fixed-rate acquisition financing for Diablo Technology Center, a multi-tenant office/R&D building in Pleasanton, CA. The financing solution was arranged as a first deed of trust on a non-recourse basis from one of Gantry’s correspondent life insurance companies and will be serviced throughout the remainder of its life by Gantry.
OCTOBER 28, 2016
PLEASANTON, CA – Robert Slatt and Charlie Kokernak of Gantry, and David Schaffer of Melvin Mark Capital Group, have arranged $11,820,000 in fixed-rate acquisition financing for Diablo Technology Center, a multi-tenant office/R&D building in Pleasanton, CA. The financing solution was arranged as a first deed of trust on a non-recourse basis from one of Gantry’s correspondent life insurance companies and will be serviced throughout the remainder of its life by Gantry.
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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.