Gantry has arranged permanent acquisition financing in the total amount of $2,000,000 for the purchase of the 4th & B entertainment venue located in downtown San Diego, California.

James Dick and Adam Parker, both with Gantry, arranged the acquisition financing for the property with a correspondent insurance company who was able to lock the loan’s interest rate at application signing thereby eliminating the risk that the rate would potentially increase during the loan processing and purchase/sale escrow period. Terms and pricing of the loan were not disclosed.

Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and loan servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by approximately 50 employees located in offices throughout the western United States. The company services over $5.5 billion in mortgages for various lender/investor clients. Gantry is a Standard and Poor’s rated Primary Servicer and is one of a select few non-banking/non-insurance chartered companies with this designation.

For more information on this transaction please contact James Dick at (858) 794-1418, Adam Parker at (602) 354-5275 or Michael Heagerty at (415) 956-9854.