George Mitsanas, Principal, Peter Hillakas, Vice President, and Michelle Hsieh, Associate, of Gantry’s Los Angeles office, have arranged the construction to permanent financing for the FBI Building in Chelsea, Massachusetts in the amount of $123,000,000. The to-be-built LEED Certified, 220,000 SF office building will complete construction in September 2016 and will be fully occupied by the FBI for 20 years. The non-recourse loan was placed with one of Gantry’s correspondent lenders.   Servicing will be done by Gantry.   Mr. Mitsanas has completed $2B in construction/permanent loans during the past five years.

“Our firm has a tremendous amount of income property lending experience including credit lease transactions.   In most cases, we service our loans.   The ownership of this FBI development is a joint venture between two very well respected development families located on opposite ends of the nation. Each had their own preferred mortgage banker so for this transaction we teamed up with CTL Capital, LLC for the assignment. Together, we successfully put together the high profile finance for our mutual clients.”
– George Mitsanas, Principal of Gantry

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 over $8 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 George Mitsanas at (310) 846-5299, or Michael Heagerty at (415) 956-9854.